KKR Affiliates Acquire 14% Stake in Integer Holdings via $428.7M Swap Settlement
ITGR has more than doubled off its 52-week low of $62.
Summary
KKR affiliates disclosed a 14.0% beneficial ownership stake in Integer Holdings after settling equity swaps for $428.7 million, revealing the accumulation structure behind the pending $5.7 billion acquisition.
Key Events · Ownership and Investor Activity · ITGR
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KKR Acquires 14% Stake via Swap Settlement
Tarheel Investors III L.P. acquired 4,753,677 shares (14.0% of outstanding) on October 5, 2026, upon settlement of equity swaps for $428,744,223.
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Cash-Settled Swap Adds Economic Exposure
A cash-settled swap provides economic exposure to 836,392 additional shares without voting or investment power, settling in cash at merger closing.
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Swap Structure Preceded Merger Agreement
KKR accumulated its position through swaps before the August 2, 2026 merger agreement; no 13D was filed earlier because regulatory conditions on the swaps had not been satisfied.
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Merger Vote Set for October 21
Stockholders vote on the $127 per share cash acquisition on October 21, 2026, with KKR affiliates now holding 14.0% of shares.
Analysis · ITGR · Industrial Applications And Services
KKR affiliates settled previously held equity swaps on October 5, 2026, acquiring 4,753,677 shares (14.0% of outstanding) for $428.7 million. This is the first disclosure of KKR's beneficial ownership stake, which was accumulated through swaps before the merger agreement was signed. The filing also reveals a cash-settled swap providing economic exposure to 836,392 additional shares. This confirms KKR's substantial economic interest in the deal and provides transparency on the accumulation structure that preceded the $5.7 billion acquisition.
How filings like this one have moved
In the 30 days to Oct 31, 2026, 31.7% of the 1731 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. 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 $126.59 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 7 out of 10.