PPD shareholders approve sale

Tags: , ,

Submitted: Wed, 11/30/2011 - 7:20pm
Updated: Wed, 11/30/2011 - 7:25pm

WILMINGTON, NC (WWAY) — PPD shareholders have approved the Wilmington-based company’s sale to The Carlyle Group and affiliates of Hellman & Friedman. The vote came at a special meeting of shareholders today.

Approximately 96.4 percent of the shares voting at today’s special meeting voted in favor of the adoption of the merger agreement, which represented approximately 75.6 percent of the company’s total outstanding shares of common stock as of the October 24 record date, PPD said.

Upon consummation of the merger, the company’s shareholders will receive $33.25 in cash for each share of the company’s common stock. The transaction is subject to certain remaining customary closing conditions as set forth in the merger agreement and discussed in detail in the definitive proxy statement filed with the US Securities and Exchange Commission by PPD on October 28 and supplemented on November 14.


  • Commonsensenotcommontoday says:

    Guesty, what about “economic justice?”

    (Still dying to know what economics and justice have to do with each other, but that seems to be the new buzzword in every MSM report about the New Bolsheviks. Jesse Jackson got nowhere with it and it won’t work for them, either.)

  • guesty says:

    Kaching! If the ocutards were smart enough to use Wall Street to their advantage, they could have made a nice profit like I did.

  • SurfCityTom says:

    is how capitalism works.

    Investors place their money (capital) at risk through investment in a business venture.

    If it fails, they lose their investment.

    If it succeeds, they reap the profit from their at risk investment.

    What do these loonies not understand?

    And why does our state and local government seem so opposed to private business ventures? If they want to stimulate job growth, throw out these loony toon stimulus programs and enact some tax legislation which will promote businesses to expand. And at the same time muzzle that Medicaid dog so it ceases to be such a drain on our general economy.

  • WilliamSmith says:

    Congratulations!!! It’s always good to hear about a person recieving a windfall they’ve EARNED!!

  • guesty says:

    The economic justice is I invested MY money, I took the risk and I get the profit. That is justice. All done without banging on a drum, sitting in front of a building, getting pepper sprayed or being arrested. Yep, the occutards are winning.

Leave a Reply