Kendle offering $142M in senior notes

Kendle International Inc. is starting a cash tender offer and consent solicitation for its $142.5 million of convertible senior notes due in 2012.

The offer comes in connection with the impending purchase of Kendle (Nasdaq: KNDL) by Raleigh, N.C.-based INC Research. The $232 million deal is expected to close in the third quarter.

The tender offer and consent solicitation for the 3.375 percent notes is set to expire on July 6.

Kendle has retained Morgan Stanley & Co. LLC as dealer/manager for the...

Source: http://feeds.bizjournals.com/~r/bizj_cincinnati/~3/Z8vPr2NzlNk/kendle-starts-offer-for-142m-in-notes.html

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