PHILADELPHIA, August 28, 2012: Kenexa Corporation, a leading provider of recruiting and talent management solutions, this week announced that it has entered into a definitive agreement to be acquired by International Business Machines Corporation (IBM) for $46.00 per share in cash in a transaction valued at approximately $1.3 billion. Morgan Lewis advised the management group of Kenexa on the transaction.
The Morgan Lewis deal team was led by Employee Benefits and Executive Compensation partner Robert Lichtenstein and included Employee Benefits and Executive Compensation partners David Zelikoff, Handy Hevener, and Dan Hogans, aided by associate George Tsai.