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17 Aug 2011

Carlyle in Talks to Buy PPD

Carlyle Group is in exclusive talks to buy North Carolina-based CRO company Pharmaceutical Product Development.

The Carlyle Group is reportedly in exclusive talks to acquire clinical research company Pharmaceutical Product Development (PPD).


Individuals involved with the bid confirmed that the bid was taking place and that most were between $33 and $38 a share, or as much as $4.3bn.


The acquisition would be the largest for Carlyle since announcing the $3.9bn purchase of telecommunications-equipment manufacturer CommScope in October.

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