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News Breaks | | | | September 17, 2012 | | 16:53 EDT |  | PRXL | PAREXEL announces $50M accelerated share repurchase plan
PAREXEL International announced that it has entered into an Accelerated Share Repurchase agreement with J.P. Morgan Securities, as agent for JPMorgan Chase Bank, National Association to repurchase an aggregate of $50M of the company's common stock. The ASR is part of the company's share repurchase program authorizing the repurchase of up to $200M, as originally announced on August 8, and which received the necessary consent of the company's lenders on August 17. Under the ASR agreement, PAREXEL will receive approximately 1.3M shares at the inception of the ASR. The total number of shares ultimately repurchased under the agreement will be determined upon final settlement, using prices based generally on the volume-weighted average price of the company's common stock over a period of time not expected to exceed approximately six months. | |
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| May 9, 2013 | | 11:13 EDT | | PRXL | Pharmaceutical services provider Quintiles surges on first day of trading
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