Crane Co. completes acquisition of MEI
Dec. 23, 2013, Stamford, CT – Crane Co. completed its acquisition of MEI Conlux Holdings for $804 million.
The preliminary agreement made on Dec. 12, 2012 stated that Crane Co. would purchase MEI Conlux Holdings for $820 million from Bain Capital and Advantage Partners.
On Aug. 2, Crane Co. reworked the purchase terms to acquire MEI for $804 million.
Earlier this month, the European Commission approved the agreement to implement the licencing and divestiture commitments by Crane Co.
The company will provide additional information concerning MEI on Jan. 27, 2014, in connection with its fourth quarter earnings release, and on Feb. 27, 2014 during its annual investor day conference.