KKR nears $1.6 bln deal to buy machinery maker Circor - WSJ (updated)
05/06/2023 11:47
(Adds company disclosure in paragraph 3, shares in paragraph 4,
details on the offer in paragraph 2)
June 5 (Reuters) - Private equity firm KKR & Co Inc
KKR.N is nearing a deal to buy industrial machinery maker
Circor International CIR.N for $1.6 billion, including debt,
the Wall Street Journal reported on Monday, citing people
familiar with the matter.
The buyout firm to pay $49 a share for Circor, the report
said. The offer represents an equity value of nearly $1 billion,
according to Reuters' calculations.
KKR and Circor did not immediately respond to a Reuters'
request for a comment.
Shares of Circor rose about 1% in premarket trading.
(Reporting by Nathan Gomes and Priyamvada C in Bengaluru;
Editing by Savio D'Souza and Shinjini Ganguli)
((Nathan.Gomes@thomsonreuters.com;))