CIRCOR International, Inc. (“CIRCOR” or the “Company”), one of the world’s leading providers of mission critical flow control products and services for the Industrial and Aerospace & Defense markets, today announced the successful completion of its acquisition by investment affiliates of KKR for $56.00 per share. As a result of the completion of the transaction, CIRCOR common stock has ceased trading and will no longer be listed on the New York Stock Exchange.
CIRCOR International, Inc. (NYSE: CIR) (“CIRCOR” or “the Company”), one of the world’s leading providers of mission critical flow control products and services for the Industrial and Aerospace & Defense markets, today announced financial results for the second quarter ended July 2, 2023.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of CIRCOR International, Inc. (NYSE: CIR) to KKR & Co. Inc. (NYSE: KKR). Under the terms of the proposed transaction, shareholders of CIRCOR will receive $49.00 in cash for each share of CIRCOR that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
CIRCOR International, Inc. (“CIRCOR” or the “Company”) (NYSE: CIR) today announced that it has amended its definitive merger agreement (the “Amended Agreement”) with affiliates of investment funds managed by KKR (such affiliates are referred to herein as “KKR”) to acquire the Company for $56.00 per share in cash, an increase of 9.8% over KKR’s bid of $51.00 per share on June 26, 2023, and a 76.8% premium to the Company’s unaffected stock price on June 2, 2023. KKR will provide a full equity backstop for the consummation of the merger.
Private equity firm Arcline Investment Management LP has submitted a binding proposal to acquire 100% of the shares of CIRCOR International Inc (NYSE: CIR) for $57 per share.
CIRCOR International, Inc. (NYSE: CIR) has accepted a proposal from KKR & Co Inc (NYSE: KKR) to increase the price of its previously announced definitive merger agreement
CIRCOR International, Inc. (“CIRCOR” or the “Company”) (NYSE: CIR), one of the world’s leading providers of mission critical flow control products and services for the Industrial and Aerospace & Defense markets, today announced that it has accepted a proposal from affiliates of investment funds managed by KKR (such affiliates referred to herein as “KKR”) to increase the price of its previously announced definitive merger agreement with CIRCOR from $49 to $51 per common share in cash, an increase of $2 per share. The all-cash transaction will be valued at $1.7 billion, including the assumption of debt.
BALA CYNWYD, Pa., June 12, 2023 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Small-cap stocks have been on an ascent in June, with the Russell 2000 Index, tracked by the iShares Russell 2000 ETF (NYSE:IWM) beating larger-cap indices including the S&P 500, Nasdaq 100, Dow Jones, and Russell 1000, which may portend a potential turning point in the p
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of CIRCOR International, Inc. (NYSE: CIR) to KKR & Co. Inc. (NYSE: KKR). Under the terms of the proposed transaction, shareholders of CIRCOR will receive $49.00 in cash for each share of CIRCOR that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
U.S. stocks traded mixed toward the end of trading, with Dow Jones dropping over 100 points on Monday. The Dow traded down 0.33% to 33,651.23 while the NASDAQ rose 0.30% to 13,279.88. The S&P 500, also rose, gaining, 0.11% to 4,286.88.
Gainers Sono Group N.V. (NYSE: SEV) shares surged 152.7% to $0.4367. Sono Group applied to Insolvency Court of Munich, Germany, to permit opening of self-administration proceeding.
