May 29 (Reuters) - Catalent ( CTLT ) said on Wednesday
its stockholders have voted to approve Novo Nordisk
parent's $16.5 billion bid to take over the contract
manufacturer.
In February, Novo Holdings had agreed to buy Catalent ( CTLT ), a key
manufacturing subcontractor of Wegovy, to boost the output amid
soaring demand for the blockbuster obesity drug.
Stockholders approved the deal with 99.2% of the ballots
cast in favor of the proposed deal, the company said.
The U.S. Federal Trade Commission, earlier this month,
sought more information on the deal, weeks after Novo's parent
had refiled an application seeking the antitrust agency's nod.
Catalent ( CTLT ) reiterated the deal is expected to close towards
the end of 2024.
After the deal closes, three of Catalent's ( CTLT ) fill-finish
sites would be sold to Novo Nordisk for $11 billion.
Novo Holdings is the investment arm of Novo Nordisk's
controlling shareholder, the Novo Nordisk Foundation.