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Gloves off in take-over battle
Posted 9 September 2025 PM
The sale of ASX-listed Mayne Pharma to US-based Cosette Pharmaceuticals is getting dramatic, with both sides claiming incorrect information is being used against them.
Over the weekend South Australian Premier Peter Malinauskas said that he had lodged an objection to the $672 million deal announced in February, because Cosette had indicated it plans to close Mayne's Salisbury manufacturing site if the deal goes through, according to media reports.
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Posted 9 September 2025 PM
The sale of ASX-listed Mayne Pharma to US-based Cosette Pharmaceuticals is getting dramatic, with both sides claiming incorrect information is being used against them.
Over the weekend South Australian Premier Peter Malinauskas said that he had lodged an objection to the $672 million deal announced in February, because Cosette had indicated it plans to close Mayne's Salisbury manufacturing site if the deal goes through, according to media reports.
To see the whole article, please login
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