Brief: Arcline Submits Proposal To Acquire Circor International For $57.00 Per Share

CIRCOR International

28/06/2023 11:33

June 28 (Reuters) - Arcline Investment Management:
    * ARCLINE SUBMITS PROPOSAL TO ACQUIRE CIRCOR INTERNATIONAL
INC.
FOR $57.00 PER SHARE
    * ARCLINE INVESTMENT MANAGEMENT -PROPOSAL TO CIRCOR BOARD IS
SUPPORTED BY FULLY COMMITTED FINANCING FROM BMO CAPITAL MARKETS
CORP. AND BANK OF MONTREAL
    * ARCLINE: OFFER REPRESENTS TOTAL VALUATION OF OVER
$59/CIRCOR
SHARE, FACTORING IN OVER $2/SHARE IN VALUE LEAKAGE VIA
TERMINATION FEES BOARD AGREED WITH KKR
    * ARCLINE INVESTMENT MANAGEMENT -  PROPOSAL TO CIRCOR WILL
EXPIRE
IF BOARD DOES NOT DECLARE IT TO BE "SUPERIOR PROPOSAL" BY NO
LATER THAN JUNE 29
    * ARCLINE INVESTMENT MANAGEMENT- SUBMITTED ALL-CASH, FULLY
FINANCED TRANSACTION, TO CIRCOR BOARD

Source text for Eikon:  ID:nPn8NJMHja 
Further company coverage:  CIR.N 

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