Integer Sets October 21 Vote on $5.7B KKR Buyout; Goldman Reaffirms $127/Share Fairness
ITGR has more than doubled off its 52-week low of $62.
Summary
Integer Holdings' definitive proxy sets the October 21 stockholder vote on its $5.7 billion acquisition by KKR at $127 per share. Goldman Sachs reaffirmed its fairness opinion after correcting a stock-based compensation error, and the filing quantifies $20.4 million in executive severance and retention payments.
Key Events · M&A and Partnerships · ITGR
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Special Meeting Set for October 21
Stockholders of record as of September 8, 2026 will vote on the merger agreement, merger-related compensation, and adjournment proposals. Approval requires a majority of outstanding shares.
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HSR Waiting Period Expires September 30
ITGR and Parent filed HSR notifications on August 31, 2026. The 30-day waiting period expires September 30, 2026, unless extended by a second request.
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Goldman Sachs Reaffirms Fairness Opinion
Goldman delivered a Confirmation Letter on August 31, 2026, confirming its $127/share fairness opinion after adjusting unlevered free cash flow projections to deduct stock-based compensation. The revised DCF range is $88.57 to $127.71 per share.
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Executive Compensation Quantified
CEO Payman Khales' total golden parachute compensation is $16,075,667. Aggregate severance value for executive officers is estimated at $20,366,270, plus $5,602,150 in retention bonuses.
Analysis · ITGR · Industrial Applications And Services
Integer Holdings filed its definitive proxy statement for the $5.7 billion KKR acquisition, setting the stockholder vote for October 21, 2026. The filing adds material new details beyond the preliminary proxy: the HSR waiting period expires September 30, Goldman Sachs delivered a confirmation letter on August 31 reaffirming its fairness opinion after correcting a stock-based compensation error in its DCF analysis, and the golden parachute compensation for named executive officers is now fully quantified. CEO Payman Khales stands to receive approximately $16.1 million in total merger-related compensation, while the aggregate severance value for executive officers is estimated at $20.4 million. The revised DCF range of $88.57 to $127.71 per share still supports the $127 offer price, though the correction narrowed the valuation gap. With the stock trading at $126.00, the merger consideration represents only a 0.8% premium to the current price, reflecting that the market has already priced in deal completion. The special meeting is the final major milestone before closing, which the parties expect by the end of 2026.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ITGR was trading at $126.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $62.00 to $126.80. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.