September 28, 2020
Business News

PPD Announces Pricing of Secondary Offering of Shares of Common Stock

WILMINGTON, N.C.–()–PPD, Inc. (Nasdaq:PPD) (the “Company”), a leading global contract research organization, today announced the pricing of an underwritten public offering by certain stockholders of the Company, including stockholders affiliated with Hellman & Friedman LLC and The Carlyle Group Inc., of 38,000,000 shares of the Company’s common stock at a price to the public of $32.25 per share. The offering is expected to close on September 21, 2020, subject to customary closing conditions. The selling stockholders granted the underwriters a 30-day option to purchase up to 5,700,000 additional shares of the Company’s common stock at the public offering price less the underwriting discount.

The Company…

Click here to view the original article.

Related Posts

You might also like ...

Homebase Creates “Living as-a-Service” Experience for Apartment Residents and Building Owners with Aruba ESP
Allison Transmission Builds on Demonstrated Performance and Improved Shift Quality with Newly Formulated Automatic Transmission Fluid
Endpoint Health and Vanderbilt University Medical Center to Create World’s First Precision Medicine Trial Network Focused on Critical Illness