Shares of Circor International Inc. CIR surged 4.6% toward a five-year high in premarket trading Tuesday, after the flow-control-products company agreed to an amended merger deal with KKR & Co. KKR in which the per-share bid was raised to $51 from $49. KKR’s stock slipped 0.4% ahead of the open. The new deal is valued at $1.7 billion, including debt, and implies a market capitalization for Circor of $1.04 billion. The deal was amended after Circor received an unsolicited buyout bid of $52.
6% toward a five-year high in premarket trading Tuesday, after the flow-control-products company agreed to an amended merger deal with KKR & Co. KKR in which the per-share bid was raised to $51 from $49. KKR’s stock slipped 0.4% ahead of the open. The new deal is valued at $1.7 billion, including debt, and implies a market capitalization for Circor of $1.04 billion. The deal was amended after Circor received an unsolicited buyout bid of $52.65 a share in cash.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hawaiian Airlines stock tumbles, while shares of its airline peers rallyShares of Hawaiian Holdings Inc. the parent of Hawaiian Airlines, dove 9.3% in afternoon trading Monday, to buck the rally in its air-carrier peers. The...
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: WOKVNews - 🏆 247. / 63 Read more »