Kendle International Inc( NASDAQ: KNDL ) to be acquired by INC Research LLC at $ 15.25 per share ( 60.5 % premium ) !!

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According to a news from PR newswire, A definitive agreement was made between INC Research LLC contract research organization ( CRO ) and Kendle International Inc that INC research LLC will acquire Kendle International Inc in all cash transaction which will be done at $232 million equity value. that means INC Research LLC will provide $15.25 per share which is at 60.5 % premium of the yesterday's closing price of Kendle shares. Because of the announcement conference call and earnings release of the Kendle International Inc was cancelled which was due today.

Shares of the company jumped 57 % to close to $15 in the premarket trade.


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