Catalent (CTLT) has released an update to notify the public and investors about an entry into a material definitive agreement.
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On February 5, 2024, Catalent, Inc. finalized a Merger Agreement with Creek Parent, Inc. and its subsidiary, signaling a strategic acquisition in the pharmaceutical industry. Shareholders of Catalent stand to receive $63.50 per share in cash, while equity awards will be converted to cash payments upon merger completion. The deal hinges on customary closing conditions, including shareholder approval and regulatory green lights, with a termination fee structure in place should the agreement dissolve. This merger is a significant move by Novo Holdings A/S, set to reshape its market position, with no financing contingency impeding the transaction.
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For a comprehensive understanding of the announcement, you can read the full document here.
