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CIRCOR International Agrees To Higher Bid By KKR

Cal Biesecker By
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CIRCOR International Agrees To Higher Bid By KKR
CIRCOR's defense products include centrifugal pumps used to transport water with low acoustical noise on submarines. Photo: CIRCOR International

CIRCOR International [CIR] last Friday said it has agreed to a new bid by the investment firm KKR [KKR] worth about $1.9 billion, topping previous bids by the private company that was forced to up the ante due to an unsolicited offer from the private equity firm Arcline Investment Management. KKR’s latest deal with CIRCOR is to acquire the flow control products supplier at $56 per share, up from an initial $49 per share that was then followed by a…

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