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Quintiles, IMS Health to merge in $9 billion deal

Contract medical research provider Quintiles Transnational Holdings Inc (Q.N) agreed to merge with healthcare information company IMS Health Holdings Inc (IMS.N) in a deal worth about $9 billion.

The combined company, which will have a market value of nearly $18 billion, will offer drug and medical device makers services ranging from helping run clinical trials to tracking sales once a product has hit the market.

Quintiles will offer 0.384 of its shares, valuing each IMS Health share at $26.53, based on Quintiles' Monday close. Quintiles' shares were down 3 percent at...


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