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Circor International to be bought by KKR in $1.6B deal

Jun. 05, 2023 7:11 AM ETCIRCOR International, Inc. (CIR), KKRBy: Carl Surran, SA News Editor5 Comments
M&A abbreviation - mergers and acquisitions, on wooden cubes on a light background.

Nastassia Samal

Circor International (NYSE:CIR) +49% pre-market Monday after global investment firm KKR (NYSE:KKR) agreed to acquire the company for $1.6B, including the assumption of debt.

Under the deal terms, KKR (KKR) will acquire all outstanding Circor (CIR) common stock for $49/share

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Comments (5)

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JunkBondage profile picture
Four years late but I’ll bloody take it.
@JunkBondage Thats because the Great Reset is running late lol
Askar Top profile picture
@JunkBondage why late ?
JunkBondage profile picture
@Askar Top Because in 2019 Circor rejected first a $45 per share, then $48 per share offer from Crane (CR) and refused to even engage with them. They could have negotiated $50+ if they tried but they didn’t. Shares subsequently traded as low as $9. Four years later and we get $49. While I’m happy to see $49, if they had just done the right thing in 2019, that $48 could be $60+ to $70+ today if proceeds were invested in an index fund for four years.

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