Catalent, Inc. (CTLT) shares are gaining more than 9 percent on Monday morning trade after the company agreed to be acquired by Novo Holdings in an all-cash transaction worth enterprise value of $16.5 billion.
The acquisition at $63.50 per share in cash represents a premium of 16.5 percent to the closing price of Catalent's common stock as of February 2, 2024. Upon the completion of the merger, Catalent will become a private company.
Currently, shares are at $59.91 up 9.93 percent from the previous close of $54.51 on a volume of 4,730,368.
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