Circor International Inc. KKR & Co. Inc. KKR & Co. Inc. soared 49.2% to a four-year peak in premarket trade on Monday after the flow control company announced a deal for a $1.6 billion cash deal, including debt. KKR stock was inactive before the opening. Circor shareholders are entitled to receive $49 per Circor share, which is a 54.7% increase over Friday’s close of $31.67. This implies that Circor has a market cap of $999.1 millions. The deal is expected to be completed in the fourth quarter 2023. It follows a strategic evaluation Circor began in March 2022. Circor Chairman Helmuth Ludwig said, “We believe this transaction and the cash value it provides to Circor’s shareholders best achieves Board’s goals of unlocking significant incremental value for Circor’s investors.” Circor shares are up 32.2% in the past year, while KKR’s share price is up 15.5%, and S&P 500 SPX, +1.45% is up 11.5%.