The share price of the UK-based Ergomed PLC (GB:ERGO) surged by 14.8% today after the PE firm Permira announced the takeover and privatization of the company. Permira agreed to acquire Ergomed for £703 million in a cash offer of £13.5 per share, reflecting a premium of 28% over Friday’s closing price. Year-to-date, the Ergomed share price has experienced a loss of 21.2%.
Ergomed provides specialized services like clinical research planning, monitoring, drug safety, etc., to pharmaceutical companies in around 100 countries. It will further enhance Permira’s portfolio of other medical service companies.
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