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 ...

(Bloomberg) -- Barrick Gold Corp. boosted Executive Chairman John Thorntons total compensation last year 67 percent to $12.9 million, rewarding the former investment banker for the companys performance and his role in the merger with Randgold Resources Ltd. Thornton received a $9.74 million bonus on top of his $2.5 million salary, according to a regulatory filing Friday. He used most of the after-tax proceeds of the bonus to ...

TORONTO - An activist investor in Hudbay Minerals Inc. ( HBM.TO ) says it will push for a new slate of directors at the company's next annual meeting after accusing the board of mismanagement. Waterton Global Resource Management Inc. said it is advocating for change at the mining company to address massive value destruction and chronic underperformance. The investment fund, holding about 10 per cent of Hudbay shares, said it pushed ...

TORONTO Detour Gold Corp. says interim CEO Michael Kenyon has resigned following a vote that saw shareholders side with activist investor Paulson Co. Inc. in a extended proxy battle. The vote saw five Paulson-nominated directors approved, including two who had also been endorsed by Detour, as well as four others from the slate put forth by Detour...

Detour Gold Corp. has delayed by two days a special meeting slated for Tuesday after early tallies showed activist investor Paulson Co. won a majority of seats on the miners board. The New York hedge fund run by billionaire John Paulson has been pushing to replace the bulk of Detour Golds directors since June...

Proxy adviser Glass Lewis on Wednesday backed Paulson Co.s call to overhaul Detour Gold Corp.s board, days after another adviser stopped short of recommending more aggressive changes demanded by the activist investor. Detours existing management has been resisting Paulsons push for a board shakeup and the immediate dismissal of interim chief executive officer Michael Kenyon and chairman Alex Morrison. Paulson has about 6 per cent stake in Detour...

(Reuters) - Institutional Shareholder Services Inc (ISS) has advised shareholders to vote for Detour Gold Corp's refreshed board of directors at an upcoming special shareholders' meeting, stopping short of more aggressive changes demanded by activist investor Paulson Co, the company said on Monday...