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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