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QUINTILES TRANSNATIONAL HOLDINGS INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits

May 28, 2014



Item 1.01 Entry into a Material Definitive Agreement.

On May 27, 2014, Quintiles Transnational Holdings Inc. (the "Company") entered into a Share Repurchase Agreement (the "Agreement") with TPG Quintiles Holdco, L.P. ("Seller"). Pursuant to the Agreement, on May 28, 2014, the Company closed the repurchase of 3,287,209 shares of the Company's common stock, par value $0.01 per share, from the Seller in a private transaction for an aggregate purchase price of approximately $165.1 million. The Company funded this private repurchase transaction with cash on hand. The description of the Agreement contained herein is qualified in its entirety by reference to the Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

After the close of this private repurchase transaction, the Company remains a "controlled company" within the meaning of the New York Stock Exchange rules.

This private repurchase transaction of the Company shares is in addition to the existing $125 million repurchase program (the "2013 Repurchase Program") approved by the Company's board of directors on October 30, 2013. As of today, the Company has remaining authorization to repurchase up to $59.5 million of Company shares under the existing 2013 Repurchase Program.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

See the Exhibit Index attached hereto.

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Source: Edgar Glimpses


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