Bausch Health Companies (NYSE:BHC) announced today that its board of directors has approved the adoption of a shareholder rights plan (SRP), effective April 14, 2025.
The plan aims to ensure fair and equal treatment for all shareholders in the event of an unsolicited takeover bid or other acquisition of control of the company.
According to a company statement, the SRP is designed to provide the board with sufficient time to identify, solicit, develop, and negotiate potential alternatives that could enhance shareholder value in response to any unsolicited takeover attempt.
Bausch Health clarified that the adoption of the SRP is not in response to any specific takeover proposal or intention, and the board is currently unaware of any pending or threatened bids for the company.