On Oct. 7, 2004, Standard&Poor's Ratings Services placed its 'BB+' corporate credit and other ratings on Roper Industries Inc. on CreditWatch with developing implications, meaning that the ratings could be raised or lowered. Roper, a diversified industrial company, has announced it will acquire TransCore Holdings Inc. from an investor group led by KRG Capital Partners L.L.C. in a transaction valued at approximately $600 million. TransCore is a provider of technologies and related services in areas such as radio frequency identification (RFID), satellite-based communication, mobile asset tracking, security applications and comprehensive toll system, and processing services. The purchase is expected to be funded with cash on hand, additional borrowings, and by raising approximately $250 million of cash through the
