Crane Co. Completes Acquisition of Merrimac Industries, Inc.
03 Febbraio 2010 - 10:00PM
Business Wire
Crane Co. (NYSE: CR), a diversified manufacturer of highly
engineered industrial products, today announced the successful
completion of its acquisition of all of the issued and outstanding
shares of Merrimac Industries, Inc. (AMEX: MRM) through a
short-form merger. The merger follows Crane’s successful
acquisition of more than 90 percent of the issued and outstanding
Merrimac shares through a tender offer completed earlier today.
Merrimac is now a direct, wholly-owned subsidiary of Crane.
Crane Co. is a diversified manufacturer of highly engineered
industrial products. Founded in 1855, Crane provides products and
solutions to customers in the aerospace, electronics, hydrocarbon
processing, petrochemical, chemical, power generation, automated
merchandising, transportation and other markets. The Company has
five business segments: Aerospace & Electronics, Fluid
Handling, Engineered Materials, Merchandising Systems, and
Controls. Crane has approximately 10,000 employees in North
America, South America, Europe, Asia and Australia. Crane Co. is
traded on the New York Stock Exchange (NYSE:CR). For more
information, visit www.craneco.com.
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