Markets & Finance

Quintiles Receives Buyout Offer


Quintiles Transnational (QTRN) says that Pharma Services Co., a newly-formed corporation wholly owned by Quintiles Chairman and founder Dennis Gillings, has made a non-binding proposal to acquire Quintiles for $11.25 per share in cash, or about $1.3 billion. Quintiles is a leading provider of contract research, sales, marketing, and health-care policy consulting and health information to the pharmaceutical, biotech, and medical devices industries. (10/14)

Landair (LAND) receives a buyout proposal from Chairman and CEO Scott M. Niswonger, and President and COO John A. Tweed, for $13 cash per share. (10/11)

USA Interactive (USAI) agrees to buy all Ticketmaster (TMCS) shares it does not already own. Terms: 0.935 USAI share = 1 TMCS share. (10/10)

Borland Software (BORL) agrees to buy Starbase (SBAS) for $2.75 per share in cash. (10/9)


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