Bausch Health Companies shares are trading lower following a report suggesting the company is negotiations a potential prepackaged Chapter 11 with co-op creditors.
Portfolio Pulse from Benzinga Newsdesk
Bausch Health Companies shares are trading lower following a report suggesting the company is negotiating a potential prepackaged Chapter 11 with co-op creditors.
July 24, 2024 | 3:58 pm
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NEGATIVE IMPACT
Bausch Health Companies shares are trading lower due to reports of potential prepackaged Chapter 11 negotiations with co-op creditors.
The news of potential prepackaged Chapter 11 negotiations is likely to create uncertainty and concern among investors, leading to a short-term decline in BHC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100