Australian Court Rejects Cosette Appeal to Abandon Mayne Pharma Takeover
New South Wales Court of Appeal upheld an earlier ruling that Cosette Pharmaceuticals had no valid grounds to abandon its takeover of Mayne Pharma.
Australia's New South Wales Court of Appeal rejected Cosette Pharmaceuticals' attempt to end its takeover of Mayne Pharma ASX:MYX on Wednesday. The court upheld an earlier ruling that the US-based drugmaker had no valid grounds to abandon the deal.