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 >
OpenAI's ChatGPT targeted in Austrian privacy complaint
OpenAI's ChatGPT targeted in Austrian privacy complaint
Apr 29, 2024
BRUSSELS, April 29 (Reuters) - Microsoft ( MSFT )-backed startup OpenAI on Monday found itself the target of a privacy complaint by advocacy group NOYB for allegedly not fixing incorrect information provided by its generative AI chatbot ChatGPT that may breach EU privacy rules. ChatGPT, which kickstarted the GenAI boom in late 2022, can mimic human conversation and perform tasks...
Cognizant Selected by Telstra as Technology Partner to Enhance Software Engineering Capabilities, Customer Experience
Cognizant Selected by Telstra as Technology Partner to Enhance Software Engineering Capabilities, Customer Experience
Apr 29, 2024
04:35 AM EDT, 04/29/2024 (MT Newswires) -- Cognizant Technology Solutions ( CTSH ) said Sunday it entered into a five-year strategic deal to enhance software engineering capabilities and customer experience at Australian telecom Telstra. Under the deal, the company will implement modern product engineering practices at Telstra to boost speed to market, operational efficiency as well as customer and employee...
Itron in Talks With Australian Council to Deploy Analytic Service for Water Management
Itron in Talks With Australian Council to Deploy Analytic Service for Water Management
Apr 29, 2024
04:21 AM EDT, 04/29/2024 (MT Newswires) -- Itron ( ITRI ) is collaborating with Cairns Regional Council in Queensland, Australia, to deploy the company's intelligent connectivity and analytic service to tackle operational challenges related to water. The company said the product includes water meters and technology that utilizes its digital platform to collect and manage data. The service, deployed over...
WISeKey International Unit to Launch Satellite as Part of Swiss Defense Partnership
WISeKey International Unit to Launch Satellite as Part of Swiss Defense Partnership
Apr 29, 2024
04:11 AM EDT, 04/29/2024 (MT Newswires) -- WISeKey International ( WKEY ) subsidiary WISeSAT.Space said Monday it will launch a satellite into space on behalf of the Swiss armed forces as part of an expanding partnership. Financial details of the collaboration were not disclosed. The WISeSAT satellite is scheduled to be deployed in Q3 aboard a SpaceX rocket and will...
Copyright 2023-2026 - www.financetom.com All Rights Reserved