SAN DIEGO, June 05, 2023 (GLOBE NEWSWIRE) —
Stockholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of CIRCOR International, Inc. (NYSE: CIR) (“CIRCOR” or the “Company”) breached their fiduciary duties in connection with the proposed sale of the Company to KKR (NYSE: KKR)
If you are a stockholder of CIRCOR and believe the proposed buyout price is too low or you’re interested in learning more about the investigation, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.
Additionally, you can click or copy and paste the following link:
There is no cost or obligation to you.
On June 5, 2023, CIRCOR announced that it has entered into a definitive agreement to be acquired by KKR. Under the terms of the agreement, KKR will acquire all outstanding shares of CIRCOR common stock for $49 per share in cash.
The investigation concerns whether the CIRCOR board failed to satisfy its fiduciary duties to the Company’s stockholders.
First, the investigation includes determining whether the board obtained the best price possible for CIRCOR shares of common stock. Finally, the investigation concerns whether the CIRCOR board adequately pursued alternatives to the proposed acquisition.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized stockholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in stockholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]
