Bausch Health Responds To Market Rumors; Says "The Article Contains Unsubstantiated Rumors, Including That The Company Is Considering A Bankruptcy Or Insolvency Proceeding Of Any Kind - It Is Not."
Portfolio Pulse from Benzinga Newsdesk
Bausch Health Companies Inc. (NYSE:BHC) has responded to a news article by Reorg® that contained unsubstantiated rumors about the company considering bankruptcy or insolvency proceedings. Bausch Health clarified that it is not involved in any such discussions.
July 24, 2024 | 4:54 pm
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Bausch Health Companies Inc. (NYSE:BHC) has denied rumors of considering bankruptcy or insolvency proceedings, clarifying that it is not involved in any such discussions.
The company's denial of bankruptcy rumors should neutralize any immediate negative impact on the stock price. However, the presence of such rumors can create uncertainty among investors, leading to potential short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100