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IBM to Acquire Kenexa (IBM, KNXA)

With an aim to expand its reach in online software application segment, tech giant, International Business Machines Corp. (NYSE: IBM) has announced plans to acquire its smaller rival Kenexa Corp. (NYSE: KNXA) in an all cash deal estimated at $1.3 billion, representing a 42% premium over Friday’s closing price of Kenexa’s stock.

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August 28th, 2012 | Tags: , , , | Category: Large Cap Growth Stocks | Leave a comment

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