Wednesday, July 25, 2007

UPDATE 1-Genstar to buy PRA International for $790 mln

(Reuters) - The company is in the middle of a turnaround and said its
second-quarter earnings slumped about 90 percent due to hefty
restructuring charges.




Under the terms of the offer, PRA shareholders will get
$30.50 in cash for each share of PRA common stock, representing
a premium of about 13 percent to PRA's closing share price on
July 24, the company said in a statement.


Read more at Reuters.com Market News

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