Health
Bausch Health Says Not Considering Bankruptcy or Insolvency
This article is for subscribers only.
Bausch Health Companies Inc. said it is not “considering a bankruptcy or insolvency proceeding of any kind” and “has not been involved in discussions with its creditors regarding bankruptcy proceedings.”
Bausch Health shares sunk as much as 48% in US trading, triggering two volatility-related halts, following a news article from Reorg citing unnamed sources. The stock pared those losses to about 22% before being halted for pending news ahead of the firm’s statement. Bausch said it wouldn’t comment further.