Parexel Going Private at $88.10 per Share; Raising FVE to Takeover Price
Parexel has revealed that all shares will be bought out by Pamplona Capital Management in an all-cash transaction for $88.10 per share, representing almost a 30% premium to the stock price prior to the announcement. We think the deal is likely to go through early in the fourth quarter as expected and are raising our fair value estimate to match the takeover price. The transaction rests upon Parexel shareholder approval and received unanimous board approval. While we believe the fundamentals of t...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.