The stock should trade near the $127 offer price less a deal risk discount. Monitor for stockholder vote date, regulatory approval timelines (HSR, CFIUS), and any competing bids. The prior strategic review has culminated in this definitive agreement, increasing closure probability.
Price Chart
Executive Summary
Integer Holdings (ITGR) reported Q2 2026 results with a 2.6% sales decline to $464M and GAAP EPS of $0.69, but adjusted EPS of $1.60 beat the $1.38 consensus by 15.9%. However, the earnings are overshadowed by the simultaneous announcement of a definitive agreement for KKR to acquire Integer for $127 per share in an all-cash transaction valued at $5.7B enterprise value. Guidance has been withdrawn due to the pending acquisition. The stock will primarily trade on the deal's closing probability and timeline.
Key Financial Metrics
Key Facts
- Q2 2026 sales decreased 2.6% YoY to $464M (organic -1.5%)
- GAAP operating income fell 42% to $35M; adjusted EPS rose 3% to $1.60 vs consensus $1.38
- KKR to acquire Integer for $127 per share in cash, enterprise value of $5.7 billion
- Company withdraws prior financial outlook due to pending transaction
- Total debt $1.24B, leverage ratio 3.2x adjusted EBITDA
Financial Impact
Acquisition valued at $5.7B enterprise value ($127/share), representing a significant premium; earnings beat adds minor positive but guidance withdrawn
Risk Factors
- Transaction may fail to receive stockholder approval or regulatory clearances
- Potential for a superior proposal under go-shop provisions
- Closing delays or termination could reintroduce standalone operating risks (declining revenue, high leverage)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-005137 |
| Document: f8k_080326.htm | 0001171843-26-005137 |
| Document: 0001171843-26-005137-index-headers.html | 0001171843-26-005137 |
| Document: 0001171843-26-005137-index.html | 0001171843-26-005137 |
| Document: 0001171843-26-005137.txt | 0001171843-26-005137 |
| 8-K Data (Synthetic) | 0001171843-26-005137 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Institutional Cluster | $126.58 | awaiting T+5 | — | $126.74 (+0.13%) |
Oct 21, 2026 6d ago | 8-K | $126.56 | awaiting T+5 | — | $126.74 (+0.14%) |
Oct 21, 2026 6d ago | Press Release | $126.56 | awaiting T+5 | — | $126.74 (+0.14%) |
Oct 14, 2026 13d ago | 8-K | $126.61 $126.70 | ▲ +0.07% | ▼ −0.38% | $126.74 (+0.10%) |
Oct 13, 2026 13d ago | SC 13D | $126.61 $126.70 | ▲ +0.07% | ▼ −0.38% | $126.74 (+0.10%) |
Oct 2, 2026 25d ago | Press Release | $126.45 $126.52 | ▲ +0.06% | ▼ −0.37% | $126.74 (+0.23%) |
Sep 30, 2026 27d ago | 8-K | $126.35 $126.59 | ▲ +0.19% | ▼ −1.72% | $126.74 (+0.31%) |
Sep 16, 2026 5w ago | Insider Cluster | $126.33 $126.17 | ▲ +0.13% | ▲ +0.73% | $126.74 (−0.32%) |
Sep 14, 2026 6w ago | DEFM14A | $126.13 $126.38 | ▲ +0.20% | ▲ +0.09% | $126.74 (+0.48%) |
Aug 4, 2026 12w ago | DEFA14A | $125.00 $125.08 | ▲ +0.06% | ▼ −0.29% | $126.74 (+1.39%) |
US Market Status
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