KKR to buy machinery maker Circor in $1.6 bln deal

KKR to buy machinery maker Circor in $1.6 bln deal

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Private equity firm KKR & Co Inc (KKR.N) said on Monday it will buy industrial machinery maker Circor International (CIR.N) in a $1.6 billion deal. KKR said it will pay $49 a share, sending the shares of Massachusetts-based Circor surging 49% to $47.20 in premarket trading. The offer represents an…

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