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Paraexel jumps after WSJ buyout report

May 08, 2017 1:44 PM ETPAREXEL International Corporation (PRXL) StockPRXLBy: Clark Schultz, SA News Editor
  • Parexel International (PRXL +7.7%) spikes after The Wall Street Journal reports that the company is exploring a sale.
  • Sources say the company has bankers helping it in the process of talking to potential bidders, including private equity firms.
  • A valuation as high as $4B for Parexel is anticipated.
  • Activist investor Corvex Management holds a sizable stake in Parexel.

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PAREXEL International Corporation