Laboratory Corporation of America Holdings (NYSE: LH) will buy Chiltern International Ltd. for about $1.2 billion in cash, a move that will expand the Burlington-based company’s reach into the contract-research sector. The deal, which was announced on Monday and is expected to close in the fourth quarter, comes as LabCorp has sought to expand its operations through a series of acquisitions in recent years. The company purchased Covance, a contract research organization, in 2015 for $6.1 billion. LabCorp…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2017/07/31/labcorp-to-takeover-chiltern-in-1-2-billion-deal.html?ana=RSS%26s=article_search
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