Quintiles Announces Pricing Of Secondary Public Offering At $77.85/shr

(RTTNews) - Quintiles Transnational Holdings Inc. (Q) announced the pricing of an underwritten, secondary public offering of 7 million shares of its common stock by certain of its existing shareholders, including investment funds associated with Bain Capital Investors, LLC, affiliates of TPG Global, LLC, affiliates of 3i Corporation and Temasek Life Sciences Private Limited at a price to the public of $77.85 per share.

Quintiles noted that it will not receive any proceeds from the sale of the shares by the Selling Shareholders in this offering.

The offering is expected to close on August 5, 2015, subject to customary closing conditions.