Keane Shareholders OK Buyout

Keane Inc. (NYSE: KEA) shareholders have approved a $14.30 per share buyout by Caritor Inc., a San Ramon, Calif.-based IT services provider. The total deal is valued at approximately $854 million, with Caritor receiving equity financing from existing shareholder Citigroup Venture Capital International and leveraged financingfrom Citigroup Global Markets, UBS Securities and Bank of America Securities.