U.S. diversified manufacturer Crane Co said it will purchase MEI Conlux Holdings and its Japanese affiliate for about $820 million from Bain Capital and Advantage Partners. MEI manufactures payment and vending machines.
Crane Co. (Crane) a diversified manufacturer of highly engineered industrial products. Shares of CR traded higher by 0.6% or $0.27/share to $44.96. In the past year, the shares have traded as low as $34.89 and as high as $51.48. On average, 256048 shares of CR exchange hands on a given day and today's volume is recorded at 122687.
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