Pamplona Capital to take Parexel private in $5 bln deal


Reuters

June 20 (Reuters) - Parexel International Corp <PRXL.O> said
it would be taken private in a deal valued at about $5 billion,
including debt, by private equity firm Pamplona Capital
Management LLP.
    The private equity firm has offered $88.10 per Parexel
share, representing a 5 percent premium to the stock's Monday
close. [nBwbKqKN4a]
    The equity value of the deal is $4.5 billion, based on
Parexel's total diluted shares outstanding.

 (Reporting by Akankshita Mukhopadhyay in Bengaluru; Edited by
Martina D'Couto)
 ((Akankshita.Mukhopadhyay@thomsonreuters.com; within U.S. +1
646 223 8780, outside U.S. +91 80 6749 0010; ; Reuters
Messaging:
akankshita.mukhopadhyay.thomsonreuters.com@reuters.net))

Keywords: PAREXEL INTL M&A/PAMPLONA (URGENT)



This article appears in: Stocks , World Markets
Referenced Symbols: PRXL


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