Australia's Mayne Pharma soars on court nod for vote on Cosette Pharma buyout offer

ReutersMay 15, 2025 5:34 AM

Mayne Pharma MYX.AX surge as much as 13.4% to A$6.50, biggest intraday jump since Feb 21

Pharma co says court approves shareholder meet to vote on Cosette Pharmaceuticals buyout offer made on Feb 21

Stock has not hit offer price of A$7.40/shr

Has traded between A$7.31 high (Mar 21) and A$5.68 low (May 14)

Stock last at A$6.36, with trading vol 4x the 30-day avg

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