Large Shareholders Sell Quintiles Stock

8/30/17

Several large shareholders have sold stock Quintiles IMS Holdings Inc., according to filings with the Securities and Exchange Commission.

Canada Pension Plan Investment Board Private Holdings Inc. sold over $500 million worth of Quintiles IMS Holdings stock Wednesday.

The Toronto-based CPP sold 5.22 million shares at a price of $97.33, according to a Form 4 filed with the Securities and Exchange Commission.

The public retirement fund, which is one of two in Canada, now directly owns 15.29 million shares and another 13.73 million through its subsidiaries.

The transaction comes just two days after David Bonderman’s TPG Group Holdings Advisors Inc. sold more than $367 worth of Quintiles IMS Holdings shares.

TPG Group Holdings Advisors disposed of 3.77 million shares at a price of $97.33, according to another Form 4 filed with the SEC.

In addition, former Chief Executive Officer Dennis Gillings sold $94.2 million worth of shares on Monday, according to a filing.

Gillings sold 968,000 shares at a price of $97.33 a share.

QuintilesIMS is a global health care company that dedicates itself to “improving clinical, scientific and commercial results,” according to its website.

Quintiles IMS Holdings closed August 30 at $95.79, falling 8 cents from an opening of $95.87.

The filing can be found here.

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