PPD, Inc. (PPD) Prices 38M Share Secondary Offering at $32.25M/Sh
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PPD Announces Pricing of Secondary Offering of Shares of Common Stock
September 16, 2020 10:32 PM EDTWILMINGTON, N.C.--(BUSINESS WIRE)-- PPD, Inc. (Nasdaq: PPD) (the Company), a leading global contract research organization, today announced the pricing of an underwritten public offering by certain stockholders of the Company, including stockholders affiliated with Hellman & Friedman LLC and The Carlyle Group Inc., of 38,000,000 shares of the Companys common stock at a price to the public of $32.25 per share. The offering is expected to close on September 21, 2020, subject to customary closing conditions. The selling stockholders granted the underwriters a 30-day option to purchase up to 5,700,000 additional shares of the... More
