CIRCOR shares are trading higher after the company announced it accepted a proposal from KKR to increase the price of its previously announced definitive merger agreement from $49 to $51 per common share in cash.
Portfolio Pulse from Benzinga Newsdesk
CIRCOR International (CIR) has accepted a proposal from KKR to increase the price of its previously announced definitive merger agreement from $49 to $51 per common share in cash.
June 27, 2023 | 12:28 pm
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CIRCOR's shares are trading higher after accepting KKR's proposal to increase the merger agreement price from $49 to $51 per share.
CIRCOR's acceptance of KKR's proposal to increase the merger agreement price from $49 to $51 per share is a positive development for the company and its shareholders. This news is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100