Mayne Pharma Group Limited (ASX: MYX) announced that it had signed an agreement to sell Metrics Contract Services to Catalent, Inc. The total cash consideration for the sale is approx. US$475 million (AU$679 million). The company will get approx. US$445 million (AU$636 million) in net proceeds after transaction costs, restructuring costs & usual closing adjustments.
In addition to the transaction, the company has also signed a 5-year supply agreement with Catalent to make sure constant supply of some products for five years from the Greenville facility on arm’s length terms.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
