Bausch Health (BHC) said Tuesday that billionaire Carl Icahn has a total economic exposure of roughly 34% to the company's common shares.
In a supplement to its April 2 proxy filing, the company said Icahn disclosed he has long economic exposure to an additional 90.7 million shares pursuant to cash-settled equity swap agreements that don't give him voting or dispositive power with respect to such shares.
Such shares translate to an additional exposure of about 24.6%, based on the roughly 369.5 million shares outstanding on March 14, as per the April 2 proxy filing.
In that filing, it was disclosed that Icahn had beneficial ownership of about 34.7 million shares, or a 9.4% stake.
Bausch Health shares rose 8% in recent Tuesday trading.
Price: 5.11, Change: +0.39, Percent Change: +8.16
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。