Streetbeat News

CIR

Circor International Inc

http://www.circor.com/

CEO

Scott Buckhout

Employees

756

Industry

Other Aircraft Parts and Auxiliary Equipment Manufacturing

circor international is a global manufacturer specializing in highly engineered, complex, and severe environment products that serve long-term, high growth infrastructure markets, including oil and gas, power generation, industrial, and aerospace & defense.circor. excellence in flow control.

Open

55.98

Mkt cap

1.1B

Volume

2.9M

High

56.00

P/E Ratio

38.89

52-wk high

56.48

Low

55.97

Div yield

N/A

52-wk low

19.54

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.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:59 pm

Vicor Corporation will be joining the S&P SmallCap 600, replacing CIRCOR International, which is being acquired by KKR & Co. Inc. The transaction is expected to close on October 18.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 9:20 pm

CIRCOR International has announced that all regulatory approvals for its merger have been obtained. The transaction is expected to be completed on October 18, 2023, pending the fulfillment of standard closing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:46 pm

Circor Intl (NYSE:CIR) reported Q2 earnings of $0.57 per share, beating the analyst consensus estimate of $0.35 by 62.86%. This is a 78.12% increase from the same period last year. The company also reported quarterly sales of $208.81 million, beating the analyst consensus estimate of $203.10 million by 2.81%. This is a 9.11% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:47 pm

Arcline has proposed to acquire CIRCOR for $57.00 per share and expects to receive the necessary regulatory approvals. The overlap with Arcline's portfolio companies is negligible as CIRCOR operates in a highly competitive and fragmented sector.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:03 am

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.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 1:30 pm

Private equity firm Arcline Investment Management LP has submitted a binding proposal to acquire all shares of CIRCOR International Inc (CIR) for $57 per share, a 12% premium to the revised merger agreement with KKR & Co. Inc (KKR). The offer, which expires on June 29, 2023, if not declared a 'Superior Proposal', represents a total valuation of over $59 per share. CIR shares are trading higher by 6.82% in premarket.

Portfolio Pulse from Shivani Kumaresan

June 28, 2023 | 12:14 pm

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.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:57 am

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.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 10:02 am

CIRCOR International (CIR) has accepted an increased offer from KKR & Co Inc (KKR) to raise the price of its merger agreement from $49 to $51 per share, valuing the all-cash transaction at $1.7 billion. The deal is expected to close in Q4 2023.

Portfolio Pulse from Akanksha Bakshi

June 27, 2023 | 2:33 pm

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