Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Mon., Nov. 29, 6:33 PM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #51. Crane Co. — MEI Conlux Holdings
Acquirer:
Crane Co. (NYSE:CR)
Acquiree:
MEI Conlux Holdings
Details:
Crane Co. (NYSE:CR), a diversified manufacturer of highly engineered industrial products, said today it had completed the previously announced acquisition of MEI Conlux Holdings.
Crane is a manufacturer of engineered industrial products. Co.'s segments are: Fluid Handling, which is a provider of engineered fluid handling equipment; Payment and Merchandising Technologies, which provides payment acceptance and dispensing products, currency handling and processing systems, and supplies banknotes and banknote security features; Aerospace and Electronics, which supplies components and systems for the commercial aerospace and military aerospace and defense markets; and Engineered Materials, which manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies, truck trailers.
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Avg. Broker Rec.
 
|
Strong Buy (3.50 out of 4) 49th percentile
(ranked lower than approx. 51% of all stocks covered)
Analysts' Target Price: CR Stock Forecast Based on Zacks ABR data; powered by Xignite |
