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A $5 billion price tag? PPD looking to sell, says report

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Pharmaceutical Product Development is looking to sell – and a potential deal could value the Wilmington-based contract research organization at $5 billion, the Wall Street Journal reports. Citing “people familiar with the matter,” WSJ says PPD is looking for a buyer with help from Goldman Sachs Group Inc., J.P. Morgan Chase & Co., and Centerview Partners. The deal could be as close as the first quarter of next year, according to the report. In 2011, PPD was taken private by Carlyle Group…

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