Business
Raleigh life science firm PRA is sold in $12B deal, HQ will be in Ireland – WRAL Tech Wire
PRA Health Sciences on Wednesday morning announced financials that exceeded Wall Street expectations – and then disclosed it had been acquired in a $12 billion…
RALEIGH – PRA Health Sciences on Wednesday morning announced financials that exceeded Wall Street expectations – and then disclosed it had been acquired in a $12 billion deal by Ireland-based ICON. As a result, Raleigh will lose a company headquarters.
The combined ICON-PRA company will be based in Dublin.
And ICON is paying a big price – the deal is valued at 30% about PRA’s stock price before the announcement. The deal is expected to close in the third quarter of this year.
Shares of PRA (Nasdaq:…
