Why Catalent Stock Soared Today
Catalent(CTLT) The Motley Fool·2024-02-05 23:25Shares of Catalent (CTLT 9.74%) rose by 9.7% on Monday after the pharmaceutical contract manufacturing and drug delivery technology specialist agreed to be acquired by Novo Holdings, the parent company of Novo Nordisk (NVO 4.01%).Novo Nordisk is bringing Catalent under its wingIn a press release Monday, Catalent announced it had agreed to be acquired by Novo Holdings for $63.50 per share in cash -- a 16.5% premium from Friday's closing price and a nearly 48% premium to its 60-day volume-weighted average pri ...