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INC Research to Acquire Kendle International for $15.25 per Share in Cash
Date:5/4/2011

s for the emerging drug development outsourcing and alliance partnership models," said James Ogle, CEO of INC Research.  "Together, we bring complementary strengths and expand the breadth and depth of services and expertise that are most valuable to our customers."  

The combination of INC Research and Kendle strengthens both businesses by creating a global CRO with significant therapeutic capability and geographic diversity.  The combined company will rank among the top-tier CROs based on size and scale, and will be well positioned to handle large-scale global trials.

As a result of the proposed merger transaction, Kendle's earnings release and conference call/webcast scheduled for Thursday, May 5, at 8 a.m. Eastern Time has been cancelled.  In addition, Kendle's Annual Meeting of Shareholders has been postponed from May 19, 2011, with a new date to be determined by Kendle's Board of Directors.

In connection with the transaction, J.P. Morgan Securities LLC acted as Kendle's financial advisor and Keating, Muething & Klekamp PLL acted as its legal advisor.  Morgan Stanley & Co. Inc. acted as financial advisor and Weil Gotshal & Manges LLP acted as the legal advisor to INC Research.

About Kendle

Kendle International Inc. (Nasdaq: KNDL) is a leading global clinical research organization providing the full range of early- to late-stage clinical development services for the world's biopharmaceutical industry.  Our focus is on innovative solutions that reduce cycle times for our customers and accelerate the delivery of life-enhancing products to market for the benefit of patients worldwide.  As one of the world's largest global providers of Phase I-IV services, we offer experience spanning more than 100 countries, along with industry-leading patient access and retention capabilities and broad therapeut
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SOURCE Kendle International Inc.
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