CIR - CIRCOR International, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
45.70
-0.05 (-0.11%)
At close: 4:02PM EDT

45.70 0.00 (0.00%)
After hours: 4:40PM EDT

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Previous Close45.75
Open45.72
Bid45.70 x 800
Ask45.74 x 900
Day's Range45.66 - 46.66
52 Week Range19.73 - 48.70
Volume105,385
Avg. Volume213,343
Market Cap909.348M
Beta (3Y Monthly)2.58
PE Ratio (TTM)N/A
EPS (TTM)-1.34
Earnings DateJul 24, 2019 - Jul 29, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-11-27
1y Target Est43.00
Trade prices are not sourced from all markets
  • MarketWatch10 hours ago

    Crane refutes claims made by Circor in rejecting its bid

    Crane Co. said claims made by flow control technology company Circor International Inc. regarding its $45-a-share offer for the company are "highly unrealistic" and show why its all-cash offer is the best option for Circor's shareholders. Crane, a diversified manufacturer of engineered industrial products, was responding to Circor's rejection of its offer on Monday, when Circor said the offer substantially undervalues the company. "CIRCOR's short-term plan, while expected, is yet another set of empty promises," Crane Chief Executive Max Mitchell said in a statement. In May, Crane said it would pay $45 for each Circor share outstanding, which at the time represented a 47% premium. The deal was being valued at $1.7 billion. Then on June 17, Crane said it commenced a tender offer for Circor shares. Neither stock was active premarket. Circor shares have gained 115% in 2019, while the S&P 500 has gained 17.5%.

  • TheStreet.comyesterday

    Circor Rejects Crane's Buyout Offer

    Last week, industrial products maker Crane said it had begun a tender offer or $45 a share, or roughly $1.7 billion. Crane had made a proposal in April, which the Burlington, Massachusetts-based Circor rejected last month.

  • MarketWatchyesterday

    Circor rejects Crane's buyout deal valued at $1.7 billion

    Circor International Inc. said Monday it has rejected the unsolicited buyout bid from Crane Co. given that it "substantially undervalues" the flow control technology company, and strongly urges shareholders not to tender shares into Crane's offer. In May, Crane said it would pay $45 for each Circor share outstanding, which at the time represented a 47% premium. The deal was being valued at $1.7 billion. Then on June 17, Crane said it commenced a tender offer for Circor shares. Circor said its plan to accelerate earnings growth, reduce debt and add "significant near-term value" for shareholders would be "far in excess" to Crane's buyout bid. Circor's stock, which was still inactive in premarket trading, has gained 15% over the past 12 months, while Crane shares have slipped 0.3% and the S&P 500 has advanced 7.1%.

  • Business Wireyesterday

    CIRCOR Issues Open Letter to Shareholders and Provides Investor Presentation Highlighting Path to Significant Value Creation

    Strategic Plan Expected to Deliver Substantial Additional Shareholder Value Over Next 18 Months

  • Business Wireyesterday

    CIRCOR Board of Directors Unanimously Rejects Crane’s Unsolicited, Low-Value, Highly Conditional and Opportunistic Tender Offer

    Crane’s Offer Substantially Undervalues CIRCOR and Its Future Prospects; Execution of Strategic Plan to Deliver Significantly Greater Value in Near Term

  • Markit7 days ago

    See what the IHS Markit Score report has to say about Circor International Inc.

    Circor International Inc NYSE:CIRView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for CIR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold CIR had net inflows of $890 million over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • TheStreet.com8 days ago

    Crane Takes Buyout Offer to Circor Shareholders

    The $45 price is equal to a 47% premium over the undisturbed market close on May 20, before Crane made proposal public, Crane said. "We are commencing this cash tender offer to provide Circor shareholders a mechanism to show their support for our offer by tendering their shares," Max Mitchell, president and CEO, said in a statement.

  • Reuters8 days ago

    UPDATE 1-Crane says continues to prefer "negotiated transaction" with Circor's board

    U.S. industrial manufacturer Crane Co on Monday said it continues to prefer a "negotiated transaction" with Circor International Inc's board, weeks after making a $894 million hostile bid for the smaller rival. Earlier this month, Crane said it was willing to adjust its $45 per share offer for Circor if its board was willing to engage in talks. On Monday, Crane began a tender offer for all outstanding shares of Circor and called on Circor shareholders to act on the opportunity.

  • Business Wire8 days ago

    CIRCOR to Review Crane’s Unsolicited Tender Offer

    CIRCOR International, Inc. (CIR) (“CIRCOR”) today confirmed that Crane Co. (CR) (“Crane”) has commenced an unsolicited tender offer to acquire all of the outstanding shares of CIRCOR common stock for $45 per share in cash. Consistent with its fiduciary duties and in consultation with its independent legal and financial advisors, the CIRCOR board of directors will carefully review and evaluate Crane’s tender offer to determine the course of action that it believes is in the best interests of CIRCOR and its shareholders. CIRCOR shareholders do not need to take any action at this time.

  • Reuters8 days ago

    Crane goes hostile with $894 mln buyout offer for Circor

    U.S. industrial manufacturer Crane Co on Monday began a tender offer for all outstanding shares of smaller rival Circor International Inc at $45 per share, after its buyout offer was rejected by Circor's board. Crane, which makes pumps and valves, said it continues to prefer a negotiated transaction with Circor's board of directors. Crane Chief Executive Officer Max Mitchell said the tender offer provides shareholders the opportunity to send a clear message to the Circor Board.

  • MarketWatch8 days ago

    Crane commences tender offer for Circor shares for $45 in cash

    Industrial products maker Crane Co. said Monday it has commenced a tender offer to acquire all outstanding shares of Circor International Inc. , a technology products and sub-systems company, for $45 per share in cash or about $1.7 billion. The offer is scheduled to expire at 5.00 p.m. ET on July 16, unless it is extended. The move comes after an initial proposal was made in April and rejected by Circor in May. "We are commencing this cash tender offer to provide CIRCOR shareholders a mechanism to show their support for our offer by tendering their shares," Crane Chief Executive Max Mitchell said in a statement. "We call on CIRCOR shareholders to act now on this opportunity and we call on the CIRCOR Board to honor its fiduciary responsibilities and allow the shareholders it represents to receive the highly attractive premium we are offering." The $45 price is equal to a 47% premium over the undisturbed market close on May 20, before Crane went public with the deal. Circor shares were not active premarket, but have gained 110% in 2019, while the S&P 500 has gained 15%.

  • Reuters21 days ago

    Crane says willing to adjust buyout offer if Circor board engages in talks

    U.S. industrial manufacturer Crane Co said on Tuesday it was willing to adjust its $894 million offer for smaller rival Circor International Inc if its board was willing to engage in talks. Crane, which makes pumps and valves, made a hostile takeover bid for Circor in May after an earlier offer was rejected by Circor.

  • Moody'slast month

    Crane Co. -- Moody's places Crane's ratings under review for downgrade

    This rating action follows the announcement that Crane has launched a hostile take-over bid to acquire CIRCOR International, Inc. (B2, Stable) ("CIRCOR") in a transaction that would be valued at more than $1.7 billion. The review for downgrade reflects the uncertainty regarding timing, transaction execution, price, integration risks and financial leverage resulting from the proposed acquisition of CICOR. The review process will focus on Crane's financial profile, ability to deleverage following the proposed acquisition and potential synergies.

  • Barrons.comlast month

    Industrial Stocks Aren’t Afraid of the Oil Patch Anymore. Crane’s Bid Is Proof.

    Crane made a bid for valve maker Circor, which has struggled as the price of oil fell. The bid could mean larger industrial companies are looking at the oil patch again as a source of growth.

  • Why Dycom Industries, Array BioPharma, and Circor International Jumped Today
    Motley Foollast month

    Why Dycom Industries, Array BioPharma, and Circor International Jumped Today

    Earnings, trial results, and acquisition activity were contributing factors to today's move higher for the stock market.

  • MarketWatchlast month

    Circor's stock soars after Crane discloses proposed buyout in deal valued at $1.7 billion

    Shares of Circor International Inc. rocketed 43% in afternoon trade Tuesday, putting them on track for their biggest-ever one-day gain, after industrial products maker Crane Co. said it proposed buying the technology products and sub-systems company in deal valued at $1.7 billion. Under terms of the proposal, Crane would pay $45 a share in cash for each Circor share outstanding, a 47% premium to Monday's closing price of $30.66. Crane said the proposal was made on April 30, and Circor rejected the bid on May 13. "While we had hoped to complete a transaction privately, the Board's rejection of our proposal without comment or discussion led to our decision to make our proposal known to Circor shareholders so they can express their views directly to the Circor Board," said Crane Chief Executive Max Mitchell. "We believe that this business, which has great brands and products, has been meaningfully undermanaged for years." Circor responded to Crane's disclosure, saying it rejected Crane's proposal because it determined the proposal was "highly opportunistic, substantially undervalued Circor and its future prospects and did not constitute a basis for engaging in further dialogue with Crane at this time." Circor's stock has more than doubled (up 105%) year to date, but was still down 15% over the past 12 months, while the S&P 500 has gained 4.9% the past year.

  • TheStreet.comlast month

    Circor Shares Soar on Crane's $1.7 Billion Buyout Offer

    soared nearly 40% to $42.87 Tuesday after industrial manufacturer Crane Co. offered to buy the smaller company in a deal valued at $1.7 billion. Under the proposal, Crane would pay $45 a share in cash for each Circor share outstanding, a 47% premium to Monday's closing price of $30.66.

  • Reuterslast month

    Pumps and valves maker Crane makes $894-mln hostile bid for rival Circor

    U.S. industrial manufacturer Crane Co on Tuesday made a hostile takeover bid for smaller rival Circor International Inc for about $894 million, after an earlier offer was rejected by Circor's board. Crane's cash offer of $45 per share represents a premium of about 47% to Circor's closing price on Monday. Circor's shares jumped 48.4% to $45.44.

  • Business Wirelast month

    CIRCOR Confirms Receipt and Reiterates Rejection of Unsolicited Proposal from Crane

    CIRCOR International, Inc. (CIR) (“CIRCOR”) today confirmed that it has previously received and rejected an unsolicited, non-binding proposal from Crane Co. (CR) (“Crane”) to acquire all the outstanding shares of CIRCOR common stock for $45 per share in cash. Crane’s proposal, which was publicized today, was received by CIRCOR on April 30, 2019. Consistent with its fiduciary duties and in consultation with its independent legal and financial advisors, CIRCOR’s board of directors carefully reviewed that proposal. Following that review, the board of directors unanimously rejected Crane’s proposal and determined that the proposal was highly opportunistic, substantially undervalued CIRCOR and its future prospects, and did not constitute a basis for engaging in further dialogue with Crane at this time.

  • Benzingalast month

    Circor Rallies After Crane Makes $45-Per-Share Cash Offer For Company

    Crane Co. (NYSE: CR ) announced Tuesday that it has submitted a proposal to the board of directors of CIRCOR International, Inc. (NYSE: CIR ) to acquire Circor for $45 per share in cash. The proposal represents ...

  • Why Shares of Circor Are Up Big on Tuesday
    Motley Foollast month

    Why Shares of Circor Are Up Big on Tuesday

    The longtime underperformer is the target of a hostile takeover offer.