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View All NewsInVentiv shareholders OK sale
July 26, 2010
InVentiv Healthcare Inc. (NASD: VTIV) announced last week shareholders approved its sale to Thomas H. Lee Partners LP, a Boston-based private equity firm, for approximately $1.1 billion.
The deal is expected to close in early August. Somerset NJ-based inVentiv provides services to the pharmaceutical industry including staffing. It ranked No. 75 on Staffing Industry Analysts' 2010 list of largest U.S. staffing firms.
Shareholders will receive $26 per share in cash in the deal.