09:44 AM EST, 12/18/2024 (MT Newswires) -- (Corrects stock ticker for Catalent ( CTLT ))

Novo Holdings, the controlling shareholder of Novo Nordisk ( NVO ) , has completed its $16.5 billion, all-cash acquisition of contract development and manufacturing firm Catalent ( CTLT ) , the companies said on Wednesday.

Under terms of the transaction, Catalent ( CTLT ) shareholders received $63.50 in cash for each of their share, a premium of around 47.5% to the volume-weighted average price of the stock prior to the deal being announced in early February.

Catalent ( CTLT ) shares stopped trading on Wednesday and are being delisted from the New York Stock Exchange, the companies said.

Price: 108.51, Change: +0.50, Percent Change: +0.46