07:59 AM EDT, 08/16/2024 (MT Newswires) -- Avantor ( AVTR ) said Friday it agreed to sell its clinical services business to Audax Private Equity for around $650 million.
The deal, anticipated to close in Q4, will likely yield around $475 million in after-tax proceeds, which Avantor ( AVTR ) said it plans to use for debt reduction.