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Quintiles Transnational (QTRN) Message Board

  • aceputseller2000 aceputseller2000 Aug 1, 2003 12:24 AM Flag

    from jan 7th....

    even if deal falls thru..stock will stay in 12 range
    Quintiles auction heats up
    by Josh Kosman and David Carey
    Updated 05:30 PM EST, Jan-7-2003

    The sale of Quintiles Transnational Corp. has blossomed into a full-blown auction, with several private equity firms making nonbinding offers for the drug testing and sales company by a Monday, Jan. 6, deadline.

    A bidding group led by One Equity Partners LLC, which helped kick off the auction in October when it made a $11.25-per-share bid for Quintiles, this week raised its offer to between $13 and $14 a share, or about $1.6 billion, according to a source close to the auction. The One Equity team includes Dennis Gillings, chairman of Quintiles' board and the company's founder, as well as a new partner, private equity firm Blackstone Group.

 

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