:

Business/Financial

CIRCOR International Agrees To Higher Bid By KKR

By Cal Biesecker

Friday, June 30th, 2023

SHARE:

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…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]