BLCO Stock Still 16% Below IPO — Is Silver Point’s $38.7 Million Bet a Turning Point?

Connecticut-based Silver Point Capital initiated a new position in Bausch + Lomb Corporation (NYSE:BLCO), adding nearly 2.6 millino shares for an estimated $38.7 million, per its November 14 SEC filing.According to a filing with the Securities and Exchange Commission dated November 14, Silver Point Capital disclosed a new stake in Bausch + Lomb Corporation (NYSE:BLCO). The fund reported ownership of 2.6 million shares, representing a position valued at approximately $38.7 million at the quarter’s end. This new holding brings Silver Point’s reportable U.S. equity portfolio to 19 positions.The BLCO stake accounts for 2.8% of Silver Point’s reported AUM as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool