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)
Recent news on Integer Holdings
See all newsMedia: KKR wraps up $2.1 billion leveraged loan for Integer acquisition - Bloomberg News
Integer Holdings Corp reports results for the quarter ended June 30 - Earnings Summary
Media: Citigroup readies $2 billion debt deal for KKR's Integer buyout - Bloomberg News
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