Quintiles Transnational Holdings Inc. (Q) announced the launch of a secondary public offering of 11,855,050 shares of common stock by certain of its existing shareholders, of which Quintiles intends to repurchase from the underwriters a number of shares having an aggregate value of approximately $250 million. The repurchase is subject to completion of the offering.
The company said it is not offering any stock and will not receive any proceeds in the offering.
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