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Pharma sells for 66% below peak
Posted 21 February 2025 PM
ASX-listed Mayne Pharma announced a deal today to be acquired for $672 million by US pharma Cosette.
Cosette has agreed to pay $7.40 per share in cash, a 36.78 per cent premium over yesterday's closing price, and a 42 per cent premium to the 30-day volume weighted average price. However, it's a far cry from the roughly $2 billion market cap that represented the stock's peak in 2016.
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Posted 21 February 2025 PM
ASX-listed Mayne Pharma announced a deal today to be acquired for $672 million by US pharma Cosette.
Cosette has agreed to pay $7.40 per share in cash, a 36.78 per cent premium over yesterday's closing price, and a 42 per cent premium to the 30-day volume weighted average price. However, it's a far cry from the roughly $2 billion market cap that represented the stock's peak in 2016.
To see the whole article, please login
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