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Bulletin: Kendle International Ratings Currently Unaffected Following Agreement To Be Acquired By INC Research
Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
TORONTO (Standard & Poor's) May 5, 2011--Standard & Poor's Ratings Services said today that its 'B' rating and stable rating outlook on Kendle International Inc. are currently unaffected following the company's agreement to be acquired by INC Research in an all-cash transaction for roughly $232 million. The combination should improve both midsize contract research organizations' (CRO) size and scale, as well as their international reach--increasingly important factors in the fragmented CRO industry. Standard & Poor's plans to withdraw its ratings on Kendle upon completion of the acquisition....
Companies mentioned in this report are: Kendle International Inc.
Action: Bulletin
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