Possible IPO For Radnor Lab Equipment Supplier

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Talks between several banks and Radnor-based VWR Funding Inc. could indicate an imminent initial public offering for the laboratory equipment supplier or an outright sale of the company, according to a Wall Street Journal report.

The potential IPO is believed to be $750 million, with a total valuation of the business at approximately $4 billion. The worldwide employer of 8,000 is currently struggling with $2.7 billion in net debt, which is 6.3 times its earnings before interest, taxes, depreciation and amortization over the past year.

Read more about the prospect of an IPO or sale of VWR in the Wall Street Journal here.

 

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