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Syneos Well being eyes sale of firm as contract backlog shrinks

OffersWell being

Shares of Syneos Well being Inc rose 13% after Reuters exclusively reported that the corporate is making a brand new effort to promote itself. The trouble comes within the wake of a lowered backlog of contracts for offering medical analysis to drug builders that led to a plunge within the worth of its shares over the previous yr. Syneos has employed Financial institution of America Corp and Centerview Companions LLC for monetary recommendation because it embarks on a brand new spherical of talks with potential acquirers that will embody trade friends and personal fairness corporations.

Market Affect

Syneos shares rose 13% on the information in morning commerce to $43.35 a share on the time of reporting.

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Matters of Curiosity: OffersWell being

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Sectors: Enterprise & FinancePrescribed drugs & Healthcare

Areas: Americas

International locations: United States

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