US/Europe Event-Driven Analyst

John DeMasi

CFA, CPA (New York State, status: inactive) with 20+ years on buyside (PM & analyst) at numerous hedge funds and proprietary trading desks in NYC and London, covering North American and European event driven investments.

Crane Co. Proposal to Acquire CIRCOR International – Actuator Wanted

Versum Materials - Merck KGaA Dials Up the Pressure and Launches Unsolicited Tender Offer (Part III)

Versum Materials – Merck KGaA Not Going Away (Part II)

Event-Driven

<a href="https://www.smartkarma.com/entities/crane-co" target="_blank" data-smartkarma-citation="entities:20662:1">Crane Co (CR US)</a> formally commenced a cash tender offer for all outstanding shares of <a href="https://www.smartkarma.com/entities/circor-international-inc" target="_blank" data-smartkarma-citation="entities:10244:1">Circor International (CIR US)</a> today at $45 per share. The offer will run through July 16, 2019, unless extended.
I initially published on this situation on May 23, 2019 in my piece <a href="https://www.smartkarma.com/insights/crane-co-proposal-to-acquire-circor-international-actuator-wanted" target="_blank" data-smartkarma-citation="insights:30006">Crane Co. Proposal to Acquire CIRCOR International – Actuator Wanted</a>. The terms of the original proposal - $45 per share cash – have not changed.
In this follow-up piece I review the offer document details and update the situation on the latest moves by the parties involved.

Crane Co (CR US) formally commenced a cash tender offer for all outstanding shares of Circor International (CIR US) today at $45 per share. The offer will run through July 16, 2019, unless extended.
I initially published on this situation on May 23, 2019 in my piece Crane Co. Proposal to Acquire CIRCOR International – Actuator Wanted. The terms of the original proposal - $45 per share cash – have not changed.
In this follow-up piece I review the offer document details and update the situation on the latest moves by the parties involved.

Crane Co. Launches Unsolicited Tender Offer for Circor – Gloves Off, Pressure On