Synergy Pharmaceuticals – Seeks Approval of Bidding Procedure, Sale of Acquired Assets to Bausch Health for $185mn

December 12, 2018 – Synergy Pharmaceuticals filed a motion requesting Court approval of (i) proposed bidding procedures and (ii) a stalking horse agreement (the “Stalking Horse Agreement”) with Bausch Health (“BH”) pursuant to which BH has agreed to purchase substantially all of the Debtors’ assets for $185 million in cash [Docket No. 17]. The motion…