CIRCOR International Announces Public Offering of Common Stock
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
Company Research
Source: Business Wire
BURLINGTON, Mass.--(BUSINESS WIRE)-- CIRCOR International, Inc. (NYSE: CIR) (“CIRCOR” or the “Company”) today announced that Colfax Corporation, a Delaware corporation and a stockholder of CIRCOR, has commenced an underwritten, registered secondary offering of 3,283,424 shares of CIRCOR common stock. In connection with this offering, the Company expects to grant the underwriters a 30-day option to purchase up to an additional 492,513 newly issued shares of common stock from the Company at the public offering price less the underwriting discount. CIRCOR will not receive any proceeds from the sale of the shares by the selling stockholder. If the underwriters’ option to purchase up to the additional 492,513 shares of common stock offered by CIRCOR is exercised in full, CIRCOR would receive proceeds that will be used to pay the expenses of the offering and to repay amounts under its credit facility.
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