Gabelli Reports CIR Resolved Asbestos Case

Gabelli has reported that Circor International's (NYSE: CIR) asbestos case has come to a resolution.

According to Gabelli, “ In February, the U.S. District Court approved CIR's 524g trust to permanently resolve the company's asbestos liabilities. The company will make a one-time $75 mm payment to the trust, and put the remaining asbestos insurance proceeds into the trust.”

CIR has a Hold Rating and closed at $41.74 yesterday.

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