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Piramal Profits As It Sheds DRG To Clarivate For $950m

Piramal to get stake in Clarivate

Executive Summary

An experienced hand at M&A, Ajay Piramal has done it again – this time selling Decision Resources Group to Clarivate Analytics for $950m. Apart from $900m in cash, Piramal Enterprises will get a stake in Clarivate while the latter expects the acquisition to be earnings-accretive in 2020.

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