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Circor Intl - CIR STOCK NEWS

Welcome to our dedicated page for Circor Intl news (Ticker: CIR), a resource for investors and traders seeking the latest updates and insights on Circor Intl stock.

CIRCOR International, Inc. (NYSE: CIR) delivers essential flow control solutions for critical infrastructure sectors including energy, aerospace, and industrial manufacturing. This news hub provides investors with timely updates on strategic developments, financial performance, and operational milestones.

Access consolidated information about CIR's engineered products and corporate activity, including acquisition proposals, partnership announcements, and technological innovations. Our repository features press releases about earnings reports, leadership changes, and market expansion initiatives relevant to oil & gas, defense, and power generation sectors.

Key updates include detailed coverage of Arcline Investment Management's proposed acquisition at $57.00 per share, reflecting confidence in CIR's engineering capabilities. Track ongoing developments in valve/pump technologies and their applications in extreme operational environments.

Bookmark this page for structured access to CIRCOR's verified announcements. Check regularly for updates on shareholder value drivers and industrial solution advancements without promotional bias.

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CIRCOR International completes acquisition by investment affiliates of KKR for $56.00 per share
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CIRCOR International, Inc. announces Q2 2023 financial results with revenue of $209 million, up 9% YoY. Aerospace & Defense revenue and orders also increased by 9%. GAAP operating income decreased by 20%, but adjusted operating income increased by 75%. The company expects to complete a pending transaction with CubeBid Co, Inc. in Q4 2023.
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Arcline Investment Management has submitted a proposal to acquire 100% of the shares of CIRCOR International for $57.00 per share, representing a premium of 12% to the revised merger agreement with KKR. The offer has a total valuation of over $59.00 per share.
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CIRCOR International has accepted a proposal from KKR to increase the price of its merger agreement from $49 to $51 per share in cash. The all-cash transaction will be valued at $1.7 billion, including debt assumption. KKR has also agreed to provide a full equity backstop and increase the termination fees. The Board unanimously supports the amended merger agreement.
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CIRCOR International, Inc. has entered into a definitive agreement to be acquired by investment funds managed by KKR in an all-cash transaction valued at approximately $1.6 billion. KKR will acquire all outstanding shares of CIRCOR common stock for $49 per share in cash, representing a 55% premium to the Company’s closing stock price on June 2, 2023.
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CIRCOR International, Inc. (NYSE: CIR) will release its first-quarter 2023 financial results before the markets open on May 11, 2023. A conference call will follow at 9:00 a.m. ET, hosted by CEO Tony Najjar and CFO AJ Sharma. Investors can access the call via phone or through the company’s website, where the webcast will be archived for a year. CIRCOR is recognized for its mission-critical flow control products in the Industrial and Aerospace & Defense sectors, serving over 14,000 customers globally. With around 3,100 employees, the company is headquartered in Burlington, Massachusetts.

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Circor Intl

NYSE:CIR

CIR Rankings

CIR Stock Data

1.14B
20.01M
2.12%
92.57%
3.24%
Specialty Industrial Machinery
Industrials
Link
United States
Burlington