BUZZ-Bausch Health says Carl Icahn has economic interest in co, shares rise

Reuters
22 Apr
BUZZ-Bausch Health says Carl Icahn has economic interest in co, shares rise

** U.S.-listed shares of drugmaker Bausch Health BHC.N BHC.TO rise 14% to $5.38 premarket

** Company says billionaire investor Carl Icahn has an economic interest covering about 34% of the company's outstanding shares

** Company says Icahn and his affiliates had entered into equity swap agreements that cover 90.7 million shares, or 24.6% of its common shares - filing

** As of last close, BHC has fallen 44% YTD

(Reporting by Siddhi Mahatole)

((siddhi.mahatole@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10