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Bausch Health Announces Adoption of Shareholder Rights Plan

1. Bausch Health adopts a shareholder rights plan to prevent unsolicited takeover bids.

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Why Bullish?

The adoption of a shareholder rights plan can bolster investor confidence by safeguarding against hostile takeovers, similar to how such plans helped protect companies during past acquisition attempts.

How important is it?

The shareholder rights plan is a significant defense mechanism against unsolicited bids, affecting shareholder sentiment and potentially stabilizing stock price.

Why Short Term?

The immediate announcement of the shareholder rights plan signals a proactive stance, which may prompt a short-term positive market reaction.

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VTRSABBV
LAVAL, QC / ACCESS Newswire / April 14, 2025 / Bausch Health Companies Inc. (NYSE:BHC)(TSX:BHC) (the "Company" or "Bausch Health") announces today that its board of directors (the "Board") has approved the adoption of a shareholder rights plan (the "SRP") pursuant to a shareholder rights plan agreement entered into with TSX Trust Company, as rights agent, dated April 14, 2025 (the "Effective Date"). The SRP has been adopted to help ensure that all shareholders of the Company are treated fairly and equally in connection with any unsolicited take-over bid or other acquisition of control of the Company (including by way of a "creeping" take-over bid) and that the Board has the opportunity to identify, solicit, develop and negotiate value-enhancing alternatives to any unsolicited take-over bid or similar transaction.

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