CIRCOR Board of Directors Unanimously Rejects Crane’s Revised Unsolicited Tender Offer
CIRCOR International, Inc. (CIR)
Last circor international, inc. earnings: 3/2 06:55 am
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US:NYSE Investor Relations:
investors.circor.com/phoenix.zhtml?c=109457&p=irol-presentations_pf
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Source: Business Wire
CIRCOR Executing Strategic Plan to Deliver Significant Shareholder ValueCrane’s Revised Offer Substantially Undervalues CIRCOR and Its Future ProspectsBoard Strongly Urges Shareholders Not to Tender Shares into Crane’s Revised Offer BURLINGTON, Mass.--(BUSINESS WIRE)--CIRCOR International, Inc. (NYSE: CIR) (“CIRCOR”) today announced that its Board of Directors (the “Board”), after careful consideration and with the advice of its independent financial and legal advisors, unanimously rejected the revised unsolicited tender offer from Crane Co. (NYSE: CR) (“Crane”), as it substantially undervalues the company and is low-value, highly conditional and opportunistic. The CIRCOR Board unanimously recommends that CIRCOR shareholders not tender their shares into Crane’s revised offer.The basis for the Board's recommendation with respect to the revised offer is set forth in CIRCOR's amended Solicitation/Recommendation Statement on Schedule 14D-9 filed today with the Securities and Exchange C
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