Bausch Health Companies Inc BHC

BLCO spinoff

[borderguy]

Seem like smaller shareholders of the parent company BHC are giving away the gem of the company. During the orginal IPO of BLCO that just over 11% was sold off at fire sell prices with no benifit to BHC or it's shareholder. As this was mostly a closed deal many of the existing shareholders were able to partake in purchasing shares in BLCO. The proper way to spinoff BLCO was through a warrent offer that could have been given to shareholders to allow then to partcipate in the future of both companies.

[borderguy]

At a ratio of .85 BLCO to BHC shares, a warrant to purchase .85 of a share of BLCO at $4 usd would net BHC over 1.2b usd for debt reduction. Warrants could have an expiry date for early 2025 and would automatically have a value of approximately $10 usd. Exercise price could be adjusted upward if more was needed for debt reduction but this would still allow the shareholders that bought into BHC a