Dice Holdings Acquires Houston-based Rigzone

Dice Holdings, Inc. (NYSE: DHX) has acquired Rigzone, a Houston, Texas based provider of content and career services to Oil and Gas industries, according to Jefferies & Company.

Jefferies maintains its "buy" rating and price target of $12, as the acquisition is viewed as accretive thanks to Rigzone's impressive margin profile, hopefully providing a boost to EPS results. The purchase was financed through Dice Holdings credit due to its cash on hand being unavailable for U.S. acquisitions.

Dice Holdings, Inc. closed yesterday at $7.19.