Aug 18 (Reuters) - Bausch + Lomb ( BLCO ) said on

Monday Brett Icahn and Gary Hu have resigned from its board of

directors after the termination of the agreement with

billionaire Carl Icahn and some of his affiliates.

The agreement, dated June 21, 2022, ended after the Icahn

group's net long position in Bausch Health Companies ( BHC ),

Bausch + Lomb's ( BLCO ) parent, fell below the required threshold.

On Friday, Bausch Health ( BHC ) said Paulson Capital, along with

certain affiliates and managed funds, increased their position

in the company and acquired about 34.7 million common shares

previously held by the Icahn Group.

In April, Carl Icahn had built an economic interest covering

about 34% of Bausch Health's ( BHC ) shares.