Crane Co. Raises Offer Price For CIRCOR Shares - Quick Facts

Crane Co. (CR) has raised the price of its tender offer for CIRCOR International, Inc. (CIR) to $48 per share in cash. Previously, the offer price was $45 per share. The company also extended the offer and withdrawal rights to July 19, 2019.

As of July 5, 2019, approximately 2,050 shares of CIRCOR stock had been validly tendered under the tender offer. Crane Co. noted that stockholders who have validly tendered and not withdrawn shares need not take any action in response to the announcement.

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