KKR & Co. Inc. (NYSE:KKR) again improved its bid for CIRCOR International, Inc. (NYSE:CIR) in response to a similar move from its rival suitor, Arcline Investment Management LP. KKR’s bid has been increased to USD 56 per Circor share from previously USD 51 apiece in cash.

The move came shortly after Arcline also sweetened its own proposal to buy the industrial manufacturer to USD 57 per share. Circor has accepted KKR’s new offer considering it superior in terms of greater financing certainty and a clearer and faster path to receiving anticipated antitrust approvals, it reiterated in a press release on June 29, 2023.