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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Wed., Oct. 7, 4:20 AM

Slide #2. CDI Corp. EdgeRock Technologies, LLC

Acquirer: CDI Corp. (NYSE:CDI)
Acquiree: EdgeRock Technologies, LLC
Details: CDI Corp. (NYSE: CDI) announced today that it has acquired 100 percent of the members' interests in EdgeRock Technologies, LLC (EdgeRock), a privately held, emerging leader in specialist IT staffing. EdgeRock operates a national client platform with headquarters in Boston, MA, and additional offices in Tampa, FL, and Phoenix, AZ. The acquisition will be immediately accretive to CDI earnings, excluding certain one-time costs incurred in completion of the transaction.

CDI provides engineering and information technology (IT) and staffing solutions. Co.'s segments are: Global Engineering and Technology Solutions, which provides engineering and IT solutions including feasibility studies, conceptual design, and preliminary design, among others; Professional Services Staffing, which provides personnel to its clients for discrete periods of time to augment the client's workforce in times of project, seasonal, peak period or business cycle needs; and Management Recruiters International, which is a global franchisor that does business as MRINetwork® and provides the use of its trademarks, business systems and training and support services to its franchisees.

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Company Name:  CDI Corp.
Sector:  Business Services & Equipment
Number of ETFs Holding CDI:  30
Total Market Value Held by ETFs:  $9.77M
Total Market Capitalization:  $161.00M
% of Market Cap. Held by ETFs:  6.07%

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October 7, 2015    4:20 AM Eastern
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