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POTENTIAL DEAL DETAILS
| Stock | CIRCOR International, Inc. | Symbol | CIR |
| Date Announced | 05/21/2019 | Source | Press release |
| Type | Unsolicited Bid | Acquiring Company/Person | Crane Co. |
Crane Co. (CR), a diversified manufacturer of highly engineered industrial products, today announced that it has submitted a proposal to the Board of Directors of CIRCOR International, Inc. (CIR) to acquire CIRCOR for $45 per share in cash.
Update(s):
May 21, 2019: CIRCOR International, Inc. (CIR) today confirmed that it has previously received and rejected an unsolicited, non-binding proposal from Crane Co. (CR) to acquire all the outstanding shares of CIRCOR common stock for $45 per share in cash.
June 04, 2019: Crane Co. (CR), a diversified manufacturer of highly engineered industrial products, today sent a letter to the Board of Directors of CIRCOR International, Inc. (CIR) in which Crane Co. (CR) reaffirmed its desire to enter into meaningful discussions regarding a transaction that would provide a significant premium for CIRCOR shareholders.
June 17, 2019: Crane Co. (CR) is preparing to ramp up pressure on rival Circor International Inc. (CIR) by taking its $45-a-share takeover offer directly to the industrial product manufacturer’s shareholders, according to people familiar with the matter.
July 08, 2019: Crane Co. (CR), a diversified manufacturer of highly engineered industrial products, today announced that the Company has increased the price to be paid in its tender offer to purchase all outstanding shares of CIRCOR International, Inc. (CIR) to $48 per share in cash.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.