CIRCOR shares are trading higher as the bidding war heats up after receiving new $57 per share binding cash proposal from Arcline, topping the $51 per share revised merger agreement with KKR
Portfolio Pulse from Benzinga Newsdesk
CIRCOR's shares are trading higher after receiving a new $57 per share binding cash proposal from Arcline, which is higher than the $51 per share revised merger agreement with KKR.
June 28, 2023 | 11:57 am
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CIRCOR's stock price is likely to increase in the short term due to the higher cash proposal from Arcline.
The higher cash proposal from Arcline is likely to drive up CIRCOR's stock price as it indicates a higher valuation of the company. This is likely to attract investors, leading to increased demand for the stock and hence a rise in its price.
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IMPORTANCE 80
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