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Takeovers Panel Orders Cosette to Restrict Closure of Mayne Pharma’s Salisbury Site Amid Scheme Dispute

7:01am on Thursday 20th of November, 2025 AEDT Pharmaceuticals
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Takeovers Panel Orders Cosette to Restrict Closure of Mayne Pharma’s Salisbury Site Amid Scheme Dispute

7:01am on Thursday 20th of November, 2025 AEDT
Key Points
  • Takeovers Panel finds Cosette’s change of intentions undisclosed and misleading
  • Cosette must accept Treasurer’s conditions to restrain closure of Salisbury site
  • Market was uninformed of Cosette’s revised plans between June and September 2025
  • Court ruled no material adverse change occurred, keeping scheme implementation valid
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