Lab­Corp pur­su­ing an $8B PPD buy­out, tie up with Co­v­ance — re­port

Ru­mors of a po­ten­tial buy­out of PPD heat­ed up to the boil­ing point over the week­end as Reuters re­port­ed that Lab­Corp has been in talks to ac­quire the CRO for more than $8 bil­lion, in­clud­ing debt.

If suc­cess­ful, a deal would fol­low Lab­Corp’s 2015 ac­qui­si­tion of Co­v­ance. But it’s far from cer­tain. The wire ser­vice re­ports that sev­er­al firms have been in­ter­est­ed in an auc­tion for PPD, which has been at the cen­ter of buy­out ru­mors for some time.

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