Kirby To Buy United Holdings For $270 Mln Cash; Boosts 2011 Outlook

Marine transportation and diesel engine services provider Kirby Corp. (KEX) agreed Monday to buy privately-held United Holdings LLC for $270 million in cash, plus a three-year earnout provision for up to an additional $50 million payable in 2014. The deal, subject to conditions, is expected close in April 2011.
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Source: Stock Market Review