Private equity firm Arcline Investment Management LP said Thursday it’s fully committed to its $57-a-share offer for flow-control-products company Circor...
Private equity firm Arcline Investment Management LP said Thursday it’s fully committed to its $57-a-share offer for flow-control-products company Circor International Inc. CIR and that it expects to get regulatory approval for the deal. “Any potential overlap with portfolio companies of Arcline represents a negligible portion of CIRCOR’s business, which operates in a highly competitive and fragmented sector,” New York-based Arcline said in a statement.
“Any potential overlap with portfolio companies of Arcline represents a negligible portion of CIRCOR’s business, which operates in a highly competitive and fragmented sector,” New York-based Arcline said in a statement. The statement comes a day after Arcline announced its bid, which is about 12% above a previously-agreed offer from KKR & Co. Inc.’s of $51 a share.
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