IBM to buy HR software firm Kenexa for $1.3 bln

Mon Aug 27, 2012 9:09am EDT

Aug 27 (Reuters) - IBM Corp agreed to buy Kenexa Corp, which makes human resource management software, for about $1.3 billion.

The $46 per share offer represents a 42.5 percent premium to Kenexa's close on Friday.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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