Bausch Health tumbles on unconfirmed report of bankruptcy

Bausch Health Companies

24/07/2024 18:48

** U.S.-listed shares of drugmaker Bausch Health Companies
 BHC.TO  fall ~21.6% to $5.94
    ** According to analysts, data analytics agency Reorg
reported that BHC was negotiating a potential prepackaged
Chapter 11 bankruptcy filing
    ** Bausch in a statement says it has not been involved in
discussions with its creditors regarding bankruptcy proceedings
        ** Reuters could not independently verify the report
    ** Including session's move, BHC stock down 26% YTD

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))