CIRCOR International Announces Completion Of Acquisition By KKR And Welcomes Dan Daniel As Board Chair
Portfolio Pulse from Benzinga Newsdesk
CIRCOR International has completed its acquisition by KKR for $56.00 per share. As a result, CIRCOR's common stock has ceased trading and will no longer be listed on the NYSE. Dan Daniel, a KKR Executive Advisor, will assume the role of Chair of CIRCOR. KKR will also support CIRCOR in implementing an employee ownership program.
October 18, 2023 | 12:59 pm
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NEGATIVE IMPACT
CIRCOR's acquisition by KKR has been completed, resulting in its stock ceasing trading on the NYSE. This could impact investors who hold CIRCOR's stock.
The completion of the acquisition means that CIRCOR's stock has ceased trading on the NYSE, which directly impacts its stock price and investors who hold its stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
KKR has completed its acquisition of CIRCOR, which could potentially enhance its portfolio and increase its market presence.
The acquisition of CIRCOR could potentially enhance KKR's portfolio and increase its market presence, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100