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Crane Says 66.77% Of CIRCOR Shares Tendered To Offer - Quick Facts

Diversified manufacturer Crane Co. (CR) reported Monday the results of its previously announced cash tender offer to acquire all outstanding shares of CIRCOR International, Inc. (CIR) for $48 per share, which expired at 12:00 midnight, New York City Time, on July 19, 2019.

As of the expiration of the tender offer, a total of 13.03 million CIRCOR shares had been validly tendered and not validly withdrawn from the tender offer (including 393,225 shares tendered by notice of guaranteed delivery but not yet delivered), representing, together with shares owned by Crane, approximately 66.77% of all CIRCOR shares issued and outstanding.

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