KKR Reaffirms Intention To Acquire CIRCOR International
Portfolio Pulse from Happy Mohamed
Global investment firm KKR has reaffirmed its intention to acquire CIRCOR International, stating that the transaction maximizes shareholder value and minimizes regulatory, market, and industry risks. The transaction is expected to close in Q4 2023. KKR has also agreed to eliminate third party financing risk by providing a full equity backstop of the transaction. KKR's resources will help CIRCOR expand its presence in attractive flow control markets and support further investments into CIRCOR's factories.
June 28, 2023 | 1:30 pm
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POSITIVE IMPACT
CIRCOR International is set to be acquired by KKR, which is expected to maximize shareholder value and minimize risks. The transaction is expected to close in Q4 2023.
The acquisition by KKR is expected to maximize shareholder value and minimize risks, which is likely to have a positive impact on CIRCOR's stock in the short term. The deal is also expected to close in Q4 2023, providing a clear timeline for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
KKR has reaffirmed its intention to acquire CIRCOR International, providing a full equity backstop of the transaction and promising to maximize shareholder value. The deal is expected to close in Q4 2023.
KKR's reaffirmation of its intention to acquire CIRCOR and the provision of a full equity backstop of the transaction is likely to be viewed positively by investors, potentially leading to a short-term increase in KKR's stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100