Why Bausch Health Companies Stock Rocketed 11% Higher Today
Investors were obviously impressed with the company's latest acquisition.On a down Monday for the stock market, Bausch Health Companies (BHC +11.02%) shares rose at a double-digit rate. Investors, cheered by news of a fresh company acquisition, pushed its stock price up by more than 11% on the day.Tightening its hold on a key marketWell before market open, Bausch announced that its Solta Medical aesthetics unit closed a deal to acquire China's Wuhan Shibo Zhenmei Technology. Wuhan is a distributor of Solta' ...