Shares of Circor International Inc. rallied 4.9% toward a six-year high in morning trading Wednesday, but pared an earlier intraday gain of 6.7%, after KKR &...
Shares of Circor International Inc. CIR rallied 4.9% toward a six-year high in morning trading Wednesday, but pared an earlier intraday gain of 6.7%, after KKR & Co. Inc. KKR affirmed its intention to buy the flow-control-products company. KKR’s announcement comes after private-equity firm Arcline Investment Management LP submitted a $57-a-share cash bid to buy Circor, which is about 12% KKR’s agreed-upon amended bid of $51 a share. KKR’s stock fell 0.9% in morning trading.
KKR affirmed its intention to buy the flow-control-products company. KKR’s announcement comes after private-equity firm Arcline Investment Management LP submitted a $57-a-share cash bid to buy Circor, which is about 12% KKR’s agreed-upon amended bid of $51 a share. KKR’s stock fell 0.9% in morning trading. “KKR is confident that its transaction to acquire Circor maximizes shareholder value while minimizing regulatory, market, and industry risks,” KKR said in a statement.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Circor’s stock jumps premarket after PE firm Arcline submits $57-a-share cash offer for company that is above KKR’s amended $52 offerCircor International Inc.’s stock soared 9.5% premarket Wednesday, after private equity firm Arcline Investment Management LP submitted an offer for the...
Leer más »
Circor stock rallies toward 5-year high after merger deal with KKR was improvedShares of Circor International Inc. surged 4.6% toward a five-year high in premarket trading Tuesday, after the flow-control-products company agreed to an...
Leer más »
Stock market today: Global shares mixed despite Wall Street rallyGlobal shares were mixed on Wednesday despite a rally on Wall Street driven by optimism over reports suggesting the American economy is in better shape than feared.
Leer más »
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...
Leer más »
Cathie Wood’s ARK buys up $2 million in AMD stock, dumps $2 million more in Tesla stockCathie Wood’s ARK Investment scooped up 18,583 shares of Advanced Micro Devices Inc. shares Monday, a chunk of stock valued at about $2 million based on the...
Leer más »
FibroGen's lung disease drug fails late-stage trial, shares tankFibroGen said on Monday its experimental drug for a chronic lung disease failed to significantly slow the decline in a key measure of lung function in a late-stage study, sending the drugmaker's shares to a record low in morning trading.
Leer más »