CR News and Press, Crane Co. From 06/24/19

This article explains the reasons behind the movement in a selection of the largest U.S. cash merger arbitrage spreads from the past week as calculated by Merger Arbitrage Limited. We analyze the attractiveness and profitability of each spread going forward and indicate the trading position ...

In response to Crane's ( CR -1.2% ) tender offer , Circor ( CIR +0.4% ) said its board will review and evaluate the deal, and shareholders do not need to take any action at this time. More news on: Crane Co., CIRCOR International, Inc., Merger & acquisition news, Read more ....

Crane (NYSE: CR ) has commenced a cash tender offer to acquire all outstanding shares of CIRCOR (NYSE: CIR ) for $45 per share, a 47% premium over the undisturbed market close on May 20, prior to Crane making its proposal to acquire CIRCOR public. More news on: Crane Co., CIRCOR Internatio...

Tender offer reaffirms Crane Co.’s strong commitment to completing the acquisition of CIRCOR All cash offer provides shareholders certain value versus reliance on a continuing history of underperformance and missed targets Offer price represents a 47% premium over the undist...

This article explains the reasons behind the movement in a selection of the largest U.S. cash merger arbitrage spreads from the past week as calculated by Merger Arbitrage Limited . We analyze the attractiveness and profitability of each spread going forward and indicate the trading position ...

Circor International (NYSE: CIR ) +2.4% pre-market after Crane (NYSE: CR ) reaffirms its desire to enter into meaningful talks about acquiring the company following rejection of its $45/share cash bid. More news on: CIRCOR International, Inc., Crane Co., Merger & acquisition news, ...

In an open letter to Circor's (NYSE: CIR ) board, Crane (NYSE: CR ) said it was committed to pursuing its all cash buyout at $894M, or $45 per share, but was willing to adjust the price if Circor provided "sufficient justification" and was willing to engage in talks. More news on: CIRCOR...

Crane Co. remains firmly committed to pursuing its proposal to acquire CIRCOR CIRCOR shareholders have expressed strong support for engagement and frustration with status quo following Crane’s May 21, 2019 Investor Call Proposal presents a compelling opportunity for CIRCOR s...

Circor International ( CIR ) has certainly seen some noteworthy news flow as of late. The big news was of course the events on the 21st of May as the company both confirmed the receipt and rejection of an unsolicited proposal from Crane ( CR ) . I understand why management rejected the offe...

This article explains the reasons behind the movement in a selection of the largest U.S. cash merger arbitrage spreads from the past week as calculated by Merger Arbitrage Limited . We analyze the attractiveness and profitability of each spread going forward and indicate the trading position ...