- 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.
Paraexel jumps after WSJ buyout report
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Symbol | Last Price | % Chg |
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PRXL | - | - |
PAREXEL International Corporation |