Traders Eye Kenexa (KNXA) Peers Following Generous IBM Bid (ADP) (SAP) (TW)

Kenexa Corp. (Nasdaq: KNXA) is ripping in early trading Monday following IBM's (NYSE: IBM) move to acquire the company at $46 per share. The price is a 42 percent premium from Kenexa's close at $32.39 last Friday, Aug. 24th.

Following the news, Kenexa peers are under surveillance by tradiers, including: Kronos, Towers Watson (NYSE: TW), Oracle Corp's (Nasdaq: ORCL) PeopleSoft and Taleo, SAP AG's (NYSE: SAP) (SuccessFactors), and ADP's (NYSE: ADP) The Right Thing.

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