Syneos Health eyes sale of company as contract backlog shrinks
Shares of Syneos Health Inc rose 13% after Reuters exclusively reported that the company is making a new effort to […] The post Syneos Health eyes sale of company as contract backlog shrinks appeared first on Reuters News Agency.
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Shares of Syneos Health Inc rose 13% after Reuters exclusively reported that the company is making a new effort to sell itself. The effort comes in the wake of a reduced backlog of contracts for providing clinical research to drug developers that led to a plunge in the value of its shares over the past year. Syneos has hired Bank of America Corp and Centerview Partners LLC for financial advice as it embarks on a new round of talks with potential acquirers that may include industry peers and private equity firms.
The post Syneos Health eyes sale of company as contract backlog shrinks appeared first on Reuters News Agency.
