Laboratory Corp. Said in Talks to Buy PPD: Reuters
Source: BFW (Bloomberg First Word)
Tickers
LH US (Laboratory Corp of America Holdings)
PPDI US (Pharmaceutical Product Development LLC)
CG US (Carlyle Group LP/The)
6902Z US (Hellman & Friedman LLC)
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UUID: 7947283
(Bloomberg) -- Laboratory Corporation of America is in talks to buy Pharmaceutical Product Development for more than $8b, Reuters reports, citing unidentified people familiar with the matter.
Alert: HALISTER- LabCorp one of numerous parties participating in an auction for PPD
- PPD has also attracted interest from buyout firms
- No certainty LabCorp will clinch a deal
- LabCorp, PPD did not immediately respond to requests for comment to Reuters; PPD’s owners, Carlyle Group and Hellman & Friedman, also declined comment
Source: BFW (Bloomberg First Word)
Tickers
LH US (Laboratory Corp of America Holdings)
PPDI US (Pharmaceutical Product Development LLC)
CG US (Carlyle Group LP/The)
6902Z US (Hellman & Friedman LLC)
To de-activate this alert, click here
UUID: 7947283