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Catalent exploring options after Elliott deal, including sale - Reuters
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investing.comCatalent (NYSE:CTLT) is reportedly nearing a settlement with activist investor Elliott Investment Management.
The deal involves the addition of new directors to Catalent's board and a commitment to assess strategic options, including a potential sale of the company, Reuters reports.
Catalent seems to be on the brink of an agreement that will see the inclusion of four new directors proposed by Elliott. Currently, the company's board consists of 12 members.
It's important to note that the sources spoke on condition of anonymity due to the confidential nature of the matter. They also highlighted that the deal is subject to potential changes or failure before finalization.
Catalent stock is up 1.5% in pre-market Tuesday.
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