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Prospect News home > News index > List of issuers P > Headlines for PRA International Inc. > News item
Published on 3/7/2007 in the Prospect News Special Situations Daily.

ValueAct buys 700,000 shares of PRA International, boosts stake in company to 16.3%

By Lisa Kerner

Charlotte, N.C., March 7 - PRA International Inc. investor ValueAct Capital Master Fund, LP purchased 180,000 shares of the company's stock on Feb. 9 at $22.97 per share and 450,000 shares on Feb. 28 at $19.95 per share, according to a schedule 13D filing with the Securities and Exchange Commission.

ValueAct beneficially owns 3,946,584 shares, or 16.3%, of the Reston, Va.-based contract research organization's outstanding common stock.

PRA (Nasdaq: PRAI) closed at $19.72 on March 6.


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