Tickers featured: ARG, AW, EVG, GD, JOSB, KEX
, LPX, MINI, OSK, SLVN, SYD, TBI, VNX.
21, 2011, KEX announced that it planned to acquire United Holdings for $270 million in cash (before post-closing adjustments) and an earn-out provision that could result in up to an additional $50 million payment in 2014.
The planned acquisition is the largest that KEX has undertaken since its $321 million acquisition of Hollywood Marine in 1999.
However, with the estimated cash balance of $150 million following the closing of the Enterprise Marine Services acquisition, KEX is expected to have sufficient cash on hand to fund up to half or more of the United Holdings purchase, reducing the required amount of credit facility borrowings.
With the acquisition, KEX will be able to combine its existing offshore services with onshore offerings that will grow its service footprint and the range of its service offerings.
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They're presented by KEXP in partnership with KEX
Hostel, the City of Reykjavik, Icelandair, Iceland Airwaves, 66A North, Blue Lagoon, Icelandic Glacial Water, and Reyka Vodka.
Here is a synopsis of why KEX
and AVID have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months.
24, 2012 /PRNewswire/ -- KEXP, the internationally-renowned, Seattle-based radio station, announced today its return to the Land of Fire and Ice for a series of live broadcasts from the Iceland Airwaves in cooperation with Iceland Naturally, KEX Hostel, Icelandair and Kimi Records.
They're presented by KEXP in partnership with KEX Hostel, Kimi Records, the City of Reykjavik, Icelandair, Iceland Airwaves, 66A North, Blue Lagoon, Icelandic Glacial Water, and Reyka Vodka.
A few unusual words played were KEX
(a dry hollow stalk), TARLETAN (a cotton fabric) and GUARANI (a monetary unit of Paraguay).
The store design concept, which blends consumer shopping preferences with Kodak's latest products and services and a fresh layout, helps make KEX
stores the imaging destination of choice for consumers.