Arcline announced a binding proposal to acquire 100% of the shares of Circor for $57.00 per share. Arcline fully expects to receive the regulatory approvals needed to close its potential acquisition of Circor. Any potential overlap with portfolio companies of Arcline represents a negligible portion of Circor’s business, which operates in a highly competitive and fragmented sector. In addition, Arcline’s proposal is not contingent on obtaining financing. Consequently, Arcline’s offer presents no meaningful execution risk to Circor’s shareholders.
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