CR News and Press, Crane Co. From 07/21/19

Crane (NYSE: CR ) is scheduled to announce Q2 earnings results on Monday, July 22nd, after market close. The consensus EPS Estimate is $1.56 (+10.6% Y/Y) and the consensus Revenue Estimate is $833.3M (-2.1% Y/Y). Over the last 2 years, Crane  has beaten EPS estimates 88% of the t...

Certain Gamco Investors ( GBL +0.2% ) affiliates are participating in Crane Co.'s ( CR -0.1% ) revised tender offer to acquire all of the outstanding shares of Circor International ( CIR +2.5% ) common stock for $48.00 per share in cash. More news on: GAMCO Investors, Inc., Crane C...

GAMCO Investors, Inc. (NYSE: GBL) (“GAMCO”), announced today that certain of its affiliates are participating in Crane Co.’s (NYSE: CR) (“Crane”) revised tender offer to acquire all of the outstanding shares of CIRCOR International, Inc.’s (NYSE: CIR)...

Due to failure of CIRCOR Board to engage in any discussions on behalf of CIRCOR shareholders, Crane Co. is ceasing its efforts to acquire CIRCOR and will not extend its $48 per share tender offer scheduled to expire on July 19, 2019. Crane Co. (NYSE: CR), a diversified manufacturer o...

The drama continues.... Crane (NYSE: CR ) is not taking no for an answer, raising its cash buyout bid for CIRCOR International (NYSE: CIR ) to $48 a share from $45. More news on: Crane Co., CIRCOR International, Inc., Merger & acquisition news, Read more ...

Increased Offer represents 57% premium over undisturbed market close on May 20, 2019 and 46% and 61% premiums over the three- and six-month volume weighted average share prices, respectively Tender Offer Expiration Extended to Midnight, New York City Time, on July 19, 2019 ...

Crane Co. (NYSE: CR) announces the following schedule and teleconference information for its second quarter 2019 earnings release: Earnings Release: July 22, 2019 after close of market by public distribution and the Crane Co. website at www.craneco.com . Teleconference: July 23...

Crane (NYSE: CR ) said the claims made by Circor (NYSE: CIR ) regarding its $45-a-share offer for the company are "highly unrealistic" and show why its all-cash offer is the best option for Circor's shareholders. More news on: Crane Co., CIRCOR International, Inc., Read more ...

- CIRCOR’s revised, short-term business plan is not credible and fails to show path to standalone value creation in excess of Crane’s offer - Crane Co.’s all-cash offer at $45 per share remains the clear best option and provides certain value at a significant premium ...

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 ...