Jefferies Reiterates a 'Buy' on Kirby Corporation (KEX); Accretive Acquisition; Confirms Outlook

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Kirby Corporation (KEX) to Acquire Assets of Allied Transportation

September 4, 2012 4:53 PM EDT

Kirby Corporation (NYSE: KEX) has entered into an agreement to purchase the assets of Allied Transportation Company, a subsidiary of Allied Marine Industries, and two affiliated companies.

Allied's fleet consists of 10 coastwise tank barges with a total liquid capacity of 680,000 barrels, three... More