04:04 PM EDT, 08/15/2025 (MT Newswires) -- Bausch Health ( BHC ) on Friday afternoon said Paulson Capital and its affiliated funds increased their ownership in the company by acquiring about 34.7-million shares previously held by Carl Icahn and his group.

The company added that it was not involved in the transaction.

With this purchase, Paulson and its affiliates now own about 19.13% of Bausch Health's ( BHC ) outstanding shares, according to the statement.

As a result of the Icahn Group's reduced stake, its 2021 agreement with Bausch Health ( BHC ) regarding board appointments has ended. Following this, Brett Icahn and Steven Miller have resigned from the company's board.

Bausch shares closed up $1.14 to $11.52 on the Toronto Stock Exchange.