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Kenexa Corporation
KNXA, a leading provider of recruiting and talent
management solutions, today announced the entering into of a Memorandum of
Understanding to settle a derivative action and purported class action
complaint that was filed in the Court of Common Pleas of Chester County,
Pennsylvania, in connection with the proposed acquisition of Kenexa by
International Business Machines Corporation
IBM. The settlement of the
lawsuit is subject to definitive documentation and court approval.
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