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Stock Market & Financial Investment News

News Breaks
June 2, 2014
16:11 EDTPRXLPAREXEL authorizes repurchase of up to $150M of common stock
PAREXEL International announced that its board of directors has approved a stock repurchase program authorizing the repurchase of up to $150M of the company's common stock. There is no set expiration date for the program. The company intends to use cash on hand, cash generated from operations, existing credit facilities or other financing to fund the share repurchase program. As of March 31, the company had cash and cash equivalents of approximately $299M and availability under an existing line of credit of $290M.
News For PRXL From The Last 14 Days
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March 26, 2015
09:01 EDTPRXLPAREXEL agrees to acquire business assets of Quantum Solutions India
PAREXEL announced that the company has signed a definitive agreement to acquire all of the business assets of privately-owned Quantum Solutions India, a provider of specialized pharmacovigilance services, based in Chandigarh, India. Pharmacovigilance refers to the collection, detection, assessment, monitoring, and prevention of adverse effects with pharmaceutical products. The acquisition is expected to close in early April of 2015, subject to the satisfaction of closing conditions.

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