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Kenexa Enters MoU to Settle Complaint Related to IBM Deal

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Kenexa Corporation (NYSE: 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 (NYSE: IBM). The settlement of the lawsuit is subject to definitive documentation and court approval.

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