KKR sells $711M stake in PRA Health Sciences

KKR sells $711M stake in PRA Health Sciences

New York buyout firm Kohlberg Kravis Roberts & Co. has sold $711 million worth of its stock in Raleigh-based clinical research company PRA Health Sciences Inc. KKR sold 9.5 million shares at an average price of $74.85, but still owns 13.2 million shares valued at $1 billion. In related developments, the CEO of PRA Health has netted $27.6 million from the sale of 400,000 shares of company stock. Colin Shannon sold the shares after exercising options. PRA announced this month that it would acquire Pennsylvania-based Symphony Health Solutions Corp. for $530 million in cash.

Click to read...  Primer: The Senate Health Care Bill Stalls, Problems in N.C. Hog Country, and Other Things You Need to Know Today
1
Like
Save
Privacy Policy | Terms of Service | Curation Policy | DMCA Policy