Why Novo Nordisk Stock Crushed the Market on Monday

A major acquisition by its controlling shareholder pushed Novo Nordisk's (NVO 4.01%) U.S.-listed shares 4% higher on Monday. As a result of the deal, Novo Nordisk will acquire from that shareholder (Novo Holdings) three fill-finish sites currently operated by the acquisition target. The jump in Novo Nordisk's share price contrasted quite positively with the S&P 500 index's 0.3% slump for the session.Parent company buying Catalent in a deal worth $16.5 billionOn Monday morning, Novo Holdings revealed that it ...