Arcline Investment Management LP signs a binding proposal to acquire CIRCOR International, Inc..
The proposal to the Board is accompanied by fully executed transaction documents reflecting all of the terms of Arclineâs proposal and is supported by fully committed financing from BMO Capital Markets Corp. and Bank of Montreal. Arclineâs binding proposal will expire automatically if the Board does not declare it to be a âSuperior Proposalâ and provide to KKR a âDetermination Noticeâ (as defined in the amended agreement and plan of merger between CIRCOR and affiliates of KKR) by no later than 8:00 pm Eastern Time on Thursday, June 29, 2023.
BMO Capital Markets Corp. is serving as financial advisor to Arcline in connection with the offer, and Bass, Berry & Sims PLC is serving as legal advisor.