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VSE Corp. (VSEC) to Acquire Wheeler Bros. in $220M Deal

May 3, 2011 7:12 AM EDT
VSE Corporation (Nasdaq: VSEC) reports that it has entered an agreement for the acquisition of Wheeler Bros., Inc. (WBI) for $180 million in cash, with the potential additional payments of up to $40 million, if certain financial targets are met during the first four years after completion of the acquisition.

Completion of the acquisition is expected to occur in late May or early June.


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