Circor rises after KKR merger gets regulatory approval
17/10/2023 12:45
** Shares of valve maker Circor International CIR.N rise
5.1% to $56.0 premarket
** Co says it received all regulatory approvals related to
merger with PE firm KKR & Co KKR.N , which had raised its
acquisition offer in June to $56/share from $51/share after a
rival bid from Arcline Investment Management
** CIR said its stockholders approved the deal at a special
meeting held on Aug. 24
** The deal is expected to close before market hours on
October 18
** Stock up 122% YTD
(Reporting by Sruthi Shankar in Bengaluru)
((sruthi.shankar@thomsonreuters.com;))