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Fly News Breaks for May 8, 2017
PRXL
May 8, 2017 | 15:22 EDT
After The Wall Street Journal said Parexel is working with investment bankers to explore a sale, Jefferies analyst David Windley said he thinks the changes Parexel needs to undertake would be done more easily in private. Using average transaction values for other PE deals in the CRO space would value Parexel at about $80 per share, Windley noted.
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