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ITGR — Integer Holdings News Story

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Integer rises after KKR agrees $5.7 bln take-private deal

BUZZ-Integer rises after KKR agrees $5.7 bln take-private deal

** Shares of Integer Holdings ITGR.N rise 2.1% to $123.75 premarket

** Private equity giant KKR KKR.N agrees to acquire Integer Holdings in an all-cash deal valued at about $5.7 bln

** Integer shareholders will receive $127/share in cash, representing a 4.8% premium to Integer's last closing price of $121.21

** Integer's board unanimously approved the deal after a strategic review and is recommending shareholders vote in favor

** After the deal closes, expected by the end of 2026, Integer becomes a private company and its shares no longer trade on the NYSE

** Separately, Integer reports Q2 sales of $464 mln and adjusted EPS of $1.60, both of which topped analysts' estimates, as per LSEG data

** As of last close, ITGR up 54.6% YTD


(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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