Circor accepts KKR $1.7bn offer
Circor International Inc.
$56.00
11:00 18/12/24
0.00%
$0.00
Industrial machine maker Circor International on Tuesday said it had accepted a revised offer from investment firm KKR for $1.7bn to take the company private.
KKR's cash offer of $51 per share was up from its previous $49 per share proposal.
The improved offer comes after Circor received an unsolicited buyout proposal from a third party for $52.65 a share in cash.