Industrial machinery maker CIRCOR rises on $1.6 bln buyout deal with KKR
05/06/2023 12:15
** Shares of industrial machinery maker CIRCOR International
CIR.N rise 49.98% to $47.50 premarket
** Private equity firm KKR & Co Inc KR.N entered a
definitive agreement to buy CIR for $1.6 bln, including debt
urn:newsml:reuters.com:*:nL4N37X1WB
** Buyout firm to pay $49 a share for Circor, representing
an equity value of $1 bln, according to Reuters' calculations
** YTD, shares of CIR up 32.18% vs 6.96% gain in the S&P 500
Industrial Machinery & Supplies & Components Index .SPLRCINDM
(Reporting by Ananta Agarwal in Bengaluru)
((Ananta.Agarwal@thomsonreuters.com))