Arcline Submits Proposal To Acquire CIRCOR For $57.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
Arcline has submitted a proposal to acquire CIRCOR for $57.00 per share, representing a 12% premium to the $51.00 per share price in CIRCOR's revised merger agreement with KKR & Co. Inc. The offer represents a total valuation of over $59.00 per share, factoring in over $2.00 per share in value leakage through termination fees agreed with KKR.
June 28, 2023 | 10:02 am
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NEGATIVE IMPACT
Arcline's proposal to acquire CIRCOR could disrupt KKR's existing merger agreement with CIRCOR, potentially impacting KKR's stock price.
If Arcline's proposal is accepted, it could disrupt KKR's existing merger agreement with CIRCOR. This could lead to uncertainty and potential negative impact on KKR's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Arcline's proposal to acquire CIRCOR at a premium could potentially increase CIRCOR's stock price in the short term.
Acquisition proposals at a premium typically lead to an increase in the target company's stock price as it indicates the company is valued higher than its current market price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100