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CIRCOR International Acquires Herringbone Gear Pump Product Line from Flowserve

1. CIRCOR acquired Flowserve's herringbone gear pump product line. 2. The integration could impact Flowserve's market position and revenue.

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-0.37%Current Return
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+0.39%S&P 500
$52.0110/08 08:21 AM EDTEvent Start
$51.820110/08 10:44 AM EDTLatest Updated
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FAQ

Why Bearish?

The acquisition by a competitor can reduce Flowserve's market share and sales. Historical examples show similar acquisitions often lead to negative price reactions for the acquired companies.

How important is it?

The acquisition directly affects Flowserve's product offerings and competitive positioning, likely impacting investor sentiment. Significant changes in market dynamics can lead to greater scrutiny and volatility in FLS's stock.

Why Short Term?

Market reactions typically occur quickly after acquisitions are announced, influencing prices promptly. For instance, Flowserve could experience immediate impacts on its stock price due to competitive pressures.

Related Companies

CIRKKR
BURLINGTON, Mass.--(BUSINESS WIRE)--CIRCOR International, Inc., a KKR portfolio company and a global manufacturer of flow control products for industrial and aerospace markets, today announced that it has acquired essentially all the operating assets related to the herringbone gear pump product line of Flowserve Corporation (NYSE: FLS). The transaction includes the GAX, GR, & Gearex Series pump lines, which will be fully integrated into CIRCOR's IMO product portfolio following a transition.

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