
CIRCOR International [CIR] last Friday said it has agreed to a new bid by the investment firm KKR [KKR] worth about $1.9 billion, topping previous bids by the private company that was forced to up the ante due to an unsolicited offer from the private equity firm Arcline Investment Management. KKR’s latest deal with CIRCOR is to acquire the flow control products supplier at $56 per share, up from an initial $49 per share that was then followed by a…