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Stock impact report

Catalent, Inc. Announces Public Offering of Common Stock

Catalent, Inc. (CTLT) 
Last catalent, inc. earnings: 2/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.catalent.com
Company Research Source: Business Wire
SOMERSET, N.J.--(BUSINESS WIRE)--Catalent, Inc. (“Catalent”) (NYSE:CTLT), the leading global provider of advanced delivery technologies, development, and manufacturing solutions for drugs, biologics, gene therapies, and consumer health products, today announced that it has launched an underwritten public offering (the “Offering”) of $500 million of its common stock. In connection with the Offering, Catalent intends to grant the underwriters an option for 30 days to purchase up to $75 million of additional shares of its common stock.Catalent intends to use approximately $330 million of the net proceeds from the Offering to fund the purchase price for the acquisition of Masthercell Global Inc. (“MaSTherCell”) and to pay related fees and expenses. Catalent intends to use the remaining net proceeds, or, if the acquisition of MaSTherCell is not consummated, all of the net proceeds, from the Offering to repay approximately $100 million of outstanding borrowings under the revolving credi Show less Read more
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