1. Carl Icahn Discloses a Stake in Bausch Health Stock. What It Means.

    Carl Icahn Discloses a Stake in Bausch Health Stock. What It Means.

    Carl Icahn, billionaire activist investor, disclosed a stake in Bausch Health. Victor J. Blue/Bloomberg Bausch Health stock got an added boost Friday after billionaire investor Carl Icahn disclosed a 7.8% stake in the pharmaceutical and medical device company. Shares advanced more than 6% in early trading Friday, pushing the stock above a 13-month high. In a regulatory filing, Icahn said he believes Bausch (ticker: BHC) shares are “undervalued” and that he may seek seats on Bausch’s board...

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    1. While it is difficult to predict what the involvement of another activist investor will lead to, we have long viewed the BHC management team as one that is open-minded and shareholder-friendly.
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