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Monday, February 21, 2011

Kirby to buy United Holdings for $270 mln

Barge operator Kirby Corp said it would buy privately held United Holdings LLC for about $270 million in cash. Oklahoma City-based United Holdings is a distributor and service provider of engine and transmission related products for the oil and gas services, power generation and transportation industries. Kirby said it expects the transaction to immediately add to its 2011 net earnings and cash flows.

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