Arcline submits proposal to acquire circor international inc. for $57.00 per share

Represents 80 %  premium to circor's unaffected share price and 12% to the implied value of circor's announced transaction with kkr fully financed transaction with clear path to completion new york , june 28, 2023 /prnewswire/ -- arcline investment management lp ("arcline"), a growth-oriented private equity firm, today announced that on june 28, 2023, it submitted a binding proposal to acquire 100% of the shares of circor international inc. (nyse: cir) ("circor") for $57.00 per share, in an all-cash, fully financed transaction, to the circor board of directors (the "board"). 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.
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