Wob­bly Parex­el In­ter­na­tion­al snapped up for $5B in lat­est CRO buy­out

The big CRO shake­up con­tin­ues this morn­ing with news of Pam­plona Cap­i­tal’s $5 bil­lion ac­qui­si­tion of Parex­el In­ter­na­tion­al, one of the biggest play­ers in the busi­ness.

Pam­plona said this morn­ing that it has forged a deal to ac­quire the con­tract re­search out­fit for $88.10 a share. That’s 28% high­er than the price of Parex­el shares $PRXL on May 5, the day be­fore the first mar­ket ru­mors of a buy­out be­gan to cir­cu­late.

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