Arcline Investment Management LP, a private equity firm, announced it submitted a binding proposal to acquire 100% of the shares of CIRCOR International Inc. (CIR) for $57.00 per share, in an all-cash, fully financed transaction. Arcline noted that 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.
Arcline noted that its binding proposal will expire automatically if the CIRCOR Board does not declare it to be a superior proposal and provide to KKR a determination notice by no later than 8:00 pm Eastern Time on June 29, 2023.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.