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Kirby Corp. (KEX) agrees to buy tank barges and tugboats operator Penn Maritime in a deal valued...

Kirby Corp. (KEX) agrees to buy tank barges and tugboats operator Penn Maritime in a deal valued at ~$295M consisting of cash, KEX common stock and the retirement of Penn's debt, as it looks to expand its footprint in the asphalt transportation market. KEX expects Penn to add $0.12-$0.18 to EPS in 2013.
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