KKR raises bid to acquire Circor
29/06/2023 23:45
June 29 (Reuters) - Circor International CIR.N said on
Thursday KKR & Co KKR.N had raised its offer for the
industrial machine maker to $56 per share in cash from $51.
The offer also includes a ticking fee of $1 per share if the
deal does not close by October, with the actual amount accruing
on a prorated daily basis between November until December.
The revised offer comes a day after private equity firm
Arcline Investment Management topped KKR's bid.
(Reporting by Nathan Gomes in Bengaluru; Editing by Sriraj
Kalluvila)
((Nathan.Gomes@thomsonreuters.com;))