Market Overview

Crane Raises Acquisition Offer For Circor

Crane Raises Acquisition Offer For Circor

Crane Co (NYSE: CR) has raised its acquisition offer for Circor (NYSE: CIR) to $48 per share from $45 per share.

On June 24, Circor's board of directors rejected Crane’s proposal to acquire the firm for $45 per share, saying the offer is “highly opportunistic” and “substantially undervalued.”

Circor designs and manufactures engineered products and systems for the oil and gas, defense, and other industrial markets.

Circor shares closed Friday's session at $46.07. The stock has a 52-week high of $48.70 and a 52-week low of $19.73 per share.

Related Links:

Circor's Board Rejects Crane's $45/Share Acquisition Offer

A Peek Into The Markets: US Stock Futures Signal Lower Start On Wall Street

Posted-In: M&A News Best of Benzinga


Related Articles (CIR + CR)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

The Week Ahead In Cannabis: KushCo Earnings, House Panel's Historic Hearing And More

DPW Announces Exchange Agreement Offer For $1M