Arcline Submits Proposal To Acquire CIRCOR For $57.00 Per Share

6/28/23 6:02:26 AM ET

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The proposal represents a premium of approximately 12% to the $51.00 per share price reflected in CIRCOR's revised merger agreement with affiliates of KKR & Co. Inc., and a premium of approximately 80% to CIRCOR's closing share price on June 2, 2023, the last trading day prior to CIRCOR's June 5, 2023 announcement of its original transaction with KKR. The offer represents a total valuation of over $59.00 per share, when factoring in over $2.00 per share in value leakage through termination fees that the Board has agreed with KKR despite Arcline's active interest.

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Arcline Submits Proposal To Acquire CIRCOR For $57.00 Per Share

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