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Crane Co (CR.N)

CR.N on New York Stock Exchange

75.29USD
16 Aug 2019
Change (% chg)

$1.74 (+2.37%)
Prev Close
$73.55
Open
$74.03
Day's High
$75.39
Day's Low
$74.03
Volume
88,645
Avg. Vol
93,607
52-wk High
$100.14
52-wk Low
$67.34

Latest Key Developments (Source: Significant Developments)

Crane Co Reports Q2 Earnings Per Share Of $1.58 Excluding Items
Tuesday, 23 Jul 2019 

July 22 (Reuters) - Crane Co ::CRANE CO. REPORTS SECOND QUARTER RESULTS.Q2 EARNINGS PER SHARE $1.58 EXCLUDING ITEMS.Q2 GAAP EARNINGS PER SHARE $1.50.Q2 SALES $842 MILLION VERSUS REFINITIV IBES ESTIMATE OF $834.2 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $1.56 -- REFINITIV IBES DATA.SEES FY 2019 EARNINGS PER SHARE $6.25 TO $6.45 EXCLUDING ITEMS.SEES FY 2019 GAAP EARNINGS PER SHARE $6.00 TO $6.20.SEES FY 2019 SALES ABOUT $3.3 BILLION."WILL CONTINUE TO AGGRESSIVELY PURSUE ACQUISITIONS".AEROSPACE & ELECTRONICS' ORDER BACKLOG WAS $503 MILLION AT JUNE 30, 2019, $447 MILLION AT DECEMBER 31, 2018, AND $441 MILLION AT JUNE 30, 2018.FLUID HANDLING ORDER BACKLOG WAS $275 MILLION AT JUNE 30, 2019, $280 MILLION AT DECEMBER 31, 2018, AND $292 MILLION AT JUNE 30, 2018.FY2019 EARNINGS PER SHARE VIEW $6.41, REVENUE VIEW $3.33 BILLION -- REFINITIV IBES DATA.FULL YEAR 2019 FREE CASH FLOW IS EXPECTED TO BE IN A RANGE OF $335 MILLION TO $365 MILLION.  Full Article

Crane Declares Third Quarter Dividend
Tuesday, 23 Jul 2019 

July 22 (Reuters) - Crane Co ::CRANE DECLARES THIRD QUARTER DIVIDEND.SETS QUARTERLY DIVIDEND OF $0.39PER SHARE.  Full Article

Crane Co Reports 66.77% Of Circor Shares Supporting Offer Upon July 19 Tender Expiration
Monday, 22 Jul 2019 

July 22 (Reuters) - Crane Co ::CRANE CO. REPORTS 66.77% OF CIRCOR SHARES SUPPORTING OFFER UPON JULY 19 TENDER EXPIRATION.CRANE CO - CO HAS INSTRUCTED DEPOSITARY TO PROMPTLY RETURN ALL CIRCOR SHARES PREVIOUSLY TENDERED AND NOT WITHDRAWN.CRANE - AS OF EXPIRATION OF TENDER OFFER, SOME CONDITIONS TO TENDER OFFER WERE NOT SATISFIED, CO & CR ACQUISITION COMPANY DID NOT WAIVE CONDITIONS.  Full Article

GAMCO Announces Plan To Tender CIRCOR Shares
Friday, 19 Jul 2019 

July 18 (Reuters) - GAMCO Investors Inc ::GAMCO ANNOUNCES PLAN TO TENDER CIRCOR SHARES.GAMCO INVESTORS - CERTAIN OF ITS AFFILIATES ARE PARTICIPATING IN CRANE'S REVISED TENDER OFFER TO ACQUIRE CIRCOR INTERNATIONAL FOR $48.00/SHARE IN CASH.GAMCO INVESTORS INC - TENDER OFFER IS SCHEDULED TO EXPIRE AT MIDNIGHT, NEW YORK CITY TIME, ON JULY 19, 2019.  Full Article

Crane Co Will Not Extend Its Offer To Acquire CIRCOR International
Monday, 15 Jul 2019 

July 15 (Reuters) - Crane Co ::CRANE CO. WILL NOT EXTEND ITS OFFER TO ACQUIRE CIRCOR INTERNATIONAL.CRANE CO. WILL NOT EXTEND ITS OFFER TO ACQUIRE CIRCOR INTERNATIONAL.CRANE CO - WILL NOT EXTEND ITS $48 PER SHARE TENDER OFFER SCHEDULED TO EXPIRE ON JULY 19, 2019.CRANE - DUE TO FAILURE OF CIRCOR BOARD TO ENGAGE IN ANY DISCUSSIONS ON BEHALF OF CIRCOR SHAREHOLDERS, CRANE IS CEASING ITS EFFORTS TO ACQUIRE CIRCOR.  Full Article

CIRCOR To Review Crane’s Revised Unsolicited Tender Offer
Monday, 8 Jul 2019 

July 8 (Reuters) - CIRCOR International Inc ::CIRCOR TO REVIEW CRANE’S REVISED UNSOLICITED TENDER OFFER.CIRCOR INTERNATIONAL INC - CIRCOR SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION AT THIS TIME.CIRCOR INTERNATIONAL INC - CIRCOR BOARD OF DIRECTORS WILL CAREFULLY REVIEW AND EVALUATE CRANE'S REVISED TENDER OFFER.  Full Article

Crane Increases All-Cash Purchase Price To Buy Circor To $48/Share
Monday, 8 Jul 2019 

July 8 (Reuters) - Crane Co ::CRANE CO. INCREASES ALL-CASH PURCHASE PRICE TO ACQUIRE CIRCOR TO $48 PER SHARE.CRANE CO. INCREASES ALL-CASH PURCHASE PRICE TO ACQUIRE CIRCOR TO $48 PER SHARE.CRANE CO - TENDER OFFER EXPIRATION EXTENDED TO MIDNIGHT, NEW YORK CITY TIME, ON JULY 19, 2019.CRANE CO - TENDER OFFER EXPIRATION EXTENDED TO MIDNIGHT, NEW YORK CITY TIME, ON JULY 19, 2019.CRANE CO - CRANE CO. ALSO EXTENDED OFFER AND WITHDRAWAL RIGHTS UNTIL MIDNIGHT, NEW YORK CITY TIME, ON JULY 19, 2019..  Full Article

Circor To Review Crane's Unsolicited Tender Offer
Monday, 17 Jun 2019 

June 17 (Reuters) - CIRCOR International Inc ::CIRCOR TO REVIEW CRANE'S UNSOLICITED TENDER OFFER.CIRCOR INTERNATIONAL INC - BOARD INTENDS TO MAKE ITS RECOMMENDATION WITH RESPECT TO TENDER OFFER TO SHAREHOLDERS WITHIN TEN BUSINESS DAYS.CIRCOR INTERNATIONAL INC - CIRCOR SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION AT THIS TIME..CIRCOR INTERNATIONAL INC - BOARD OF DIRECTORS INTENDS TO MAKE ITS RECOMMENDATION WITH RESPECT TO TENDER OFFER TO SHAREHOLDERS WITHIN TEN BUSINESS DAYS.  Full Article

Crane Commences Tender Offer To Acquire All Outstanding Shares Of Circor For $45 Per Share In Cash
Monday, 17 Jun 2019 

June 17 (Reuters) - Crane Co ::CRANE CO. COMMENCES TENDER OFFER TO ACQUIRE ALL OUTSTANDING SHARES OF CIRCOR FOR $45 PER SHARE IN CASH.CRANE CO - OFFER REFLECTS AN ENTERPRISE VALUE OF APPROXIMATELY $1.7 BILLION.CRANE CO - CONTINUES TO PREFER "A NEGOTIATED TRANSACTION WITH CIRCOR'S BOARD OF DIRECTORS".CRANE CO - OFFER IS NOT CONDITIONED ON FINANCING.CRANE CO - WELLS FARGO BANK, NATIONAL ASSOCIATION HAS PROVIDED CRANE CO. WITH A COMMITMENT FOR FUNDING REQUIRED TO CONSUMMATE TENDER OFFER.  Full Article

Crane Co. Reiterates Proposal To Deliver Significant Value To Circor Shareholders
Tuesday, 4 Jun 2019 

June 4 (Reuters) - Crane Co ::CRANE CO. REITERATES PROPOSAL TO DELIVER SIGNIFICANT VALUE TO CIRCOR SHAREHOLDERS.CRANE CO - WILLING TO ADJUST PROPOSAL IF CIRCOR BOARD ENGAGES AND PROVIDES JUSTIFICATION.CRANE CO - CRANE CO. REMAINS FIRMLY COMMITTED TO PURSUING ITS PROPOSAL TO ACQUIRE CIRCOR.CRANE CO - CONTINUE TO BELIEVE OUR PROPOSAL OF $45 PER SHARE IS "FULL AND FAIR".  Full Article

UPDATE 1-Fidelity's money-market fund assets surged 20% in past year

BOSTON, Aug 8 Fidelity Investments' money-market fund assets have climbed $116 billion, or 20%, over the past 12 months as investors embrace higher yields for their idle cash, research firm Crane Data said on Thursday.