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Icahn to Push for Changes at Bausch, May Seek Board Seats

  • Billionaire investor welcomed by long-time agitator Robbins
  • Icahn disclosed a 7.83% stake in healthcare company Thursday
 Carl Icahn
Carl IcahnPhotographer: Victor J. Blue/Bloomberg
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Activist investor Carl Icahn has taken a new stake in Bausch Health Cos. and said he plans to push for changes at the company, including potentially seeking board seats.

The billionaire investor’s arrival was welcomed by another long-time Bausch agitator, Larry Robbins, who outlined his vision for the company Friday.