Kendle acquired by INC Research in $232 million CRO deal
Cincinnati-based contract research organization Kendle International (Nasdaq:KNDL) has solved its “acquire-or-be-acquired” dilemma. Kendle agreed to sell itself to Raleigh, North Carolina-based CRO INC Research for $232 million, according to a statement from the companies. The selling price of $15.25 per share represents a 60.5 percent premium over Kendle’s closing share price on Wednesday. Kendle’s board […]