KKR to take Circor private in sweetened $1.7 bln deal (updated)

CIRCOR International

27/06/2023 11:53

(Adds details of deal value in first paragraph, more details on
revised offer in paragraph 3)
       June 27 (Reuters) - Circor International Inc  CIR.N 
said on Tuesday it has accepted investment firm KKR's  KKR.N 
revised offer to buy the industrial machinery maker for $1.7
billion, including debt.
        KKR's cash offer of $51 per share is up from its
previous $49 per share proposal.
    The improved offer comes after Circor received an
unsolicited buyout proposal from a third party for $52.65 per
share in cash.

 (Reporting by Aishwarya Nair in Bengaluru
Editing by Vinay Dwivedi and Saumyadeb Chakrabarty)
 ((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs
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