Pamplona Capital Takes Out PAREXEL For $5B; Shares Up 8% Premarket

6/20/17

By Seeking Alpha

PAREXEL (NASDAQ:PRXL) is up 8% premarket on light volume after it announced that its has agreed to be taken private by Pamplona Capital Management for $88.10 per share in cash or a total of ~$5B (including debt).

The deal should close in Q4 pending shareholder approval.

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