Wall Street’s Dirty Drug Deal?

On Wednesday, investors were chattering about a big drug deal going down on Wall Street.

Oh, it’s nothing like that.

Private equity firm Carlyle Group is reportedly in exclusive talks to purchase Pharmaceutical Product Development . The offer might be worth as much as $4.3 billion dollars.

We call it the Street’s dirty little drug deal because Carlyle has edged out several other private-equity firms and entered into exclusive talks with the Wilmington, N.C. drug maker, according to published reports.

Blackstone Group LP, KKR & Co., and Hellman & Friedman LL were among the other firms that were interested in buying the PPD, according to the report. Of course with these major players involved, traders immediately began to speculate who could be next.

"I'm not sure it will be next," says Guy Adami, "but Covance is a name that could be in play. The stock has sold off from $60 and I think it could push back to that level based on the PPDI news."

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Trader disclosure: On Aug 17, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL); Seymour owns (BAC); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Finerman owns (AAPL); Finerman owns (BAC); Finerman owns (JPM); Terranova owns (XOM); Terranova owns (CVI); Terranova owns (CAT); Terranova owns (OXY); Terranova owns (AAPL); Terranova owns (DAR); Terranova owns (FCX); Terranova owns (CACI); Terranova owns (ARUN); Terranova owns (ORCL); Terranova owns (EMC); Terranova owns (NCR); Terranova owns (VMW); Terranova owns (IBM); Terranova owns (AMZN); Terranova owns (LULU); Terranova owns (LTD); Terranova owns (WFM); Terranova owns (JPM); Terranova owns (AXP); Terranova owns (FXA); Terranova owns (VRTS); Terranova owns (LQD); Stutland Owns (DBA) and short (DBA) calls; Stutland Owns (GLD) calls

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