financetom
Business
financetom
/
Business
/
Catalent stockholders approve buyout by Novo Holdings
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Catalent stockholders approve buyout by Novo Holdings
May 29, 2024 7:38 AM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Hudbay Minerals to sell 30% stake in Arizona copper mining project for $600 million
Hudbay Minerals to sell 30% stake in Arizona copper mining project for $600 million
Aug 13, 2025
Aug 13 (Reuters) - Hudbay Minerals ( HBM ) said on Wednesday Mitsubishi Corp will buy a 30% stake in its Copper World project in Arizona for $600 million, boosting financing and strategic backing for the U.S. copper mine. The deal is expected to close later this year, or early next year. WHY IT'S IMPORTANT Last month, U.S. President Donald...
Texas Sues Eli Lilly For Alleged Kickback Scheme Involving Mounjaro, Zepbound
Texas Sues Eli Lilly For Alleged Kickback Scheme Involving Mounjaro, Zepbound
Aug 13, 2025
Texas Attorney General Ken Paxton has filed a lawsuit against Eli Lilly and Co. ( LLY ) , accusing the pharmaceutical giant of bribing medical providers to promote its most profitable drugs, including the widely used GLP-1 medications Mounjaro and Zepbound for diabetes and weight loss. Paxton alleges the company’s conduct violated state fraud prevention laws and defrauded taxpayers through...
Gildan Activewear Buying HanesBrands for US$2.2 Billion in Cash and Shares
Gildan Activewear Buying HanesBrands for US$2.2 Billion in Cash and Shares
Aug 13, 2025
07:58 AM EDT, 08/13/2025 (MT Newswires) -- Gildan Activewear ( GIL ) is slightly lower in U.S. pre-market trade after announcing its acquisition of HanesBrands in a US$2.2 billion cash and share deal. HanesBrands shareholders will receive 0.102 share of Gildan and US$0.80 cash per share. The offer implies a value of US$6 per Hanesbrands share, based on Gildan's closing...
Copyright 2023-2026 - www.financetom.com All Rights Reserved