Parexel (PRXL) announces an Accelerated Share Repurchase agreement with JPMorgan to repurchase...

|By:, SA News Editor

Parexel (PRXL) announces an Accelerated Share Repurchase agreement with JPMorgan to repurchase an aggregate of $50M of the company's common stock. The purchase is part of its existing $200M share repurchase program announced in August, and will conducted as part of a 10b5-1 trading plan that allows JPMorgan to make purchases on the company's behalf.