By Christina Haley O Neal, posted About 5 hours ago
PPD s headquarters in downtown Wilmington (File photo) The acquisition of Wilmington-based PPD Inc. could go two ways for the company s base in Wilmington, said Adam Jones, an economist with the University of North Carolina Wilmington. It could be a threat to the location as headquarters operations get rolled into a larger organization (potentially elsewhere), or it could mean more resources for the organization to grow, Jones said Monday.
The company s decades-long presence overall in Wilmington has been economically significant, he said.
Massachusetts-based Thermo Fisher Scientific (NYSE: TMO) announced last week that it would purchase PPD, a global contract research organization with a presence in Wilmington that dates back about 35 years, for $17.4 billion.
CoastLine | WHQR
whqr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from whqr.org Daily Mail and Mail on Sunday newspapers.
Intelligent com Announces Best Online Masters in Educational Technology Degree Programs for 2021
prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.