Crane Co. announces holding company reorganization; shareholders get one-for-one shares in new parent

Crane NXT, Co.

Reorganization via merger of Crane Co. into newly formed subsidiary; Crane Co. becomes wholly owned by Crane Holdings.
Each Crane Co. common share converts to one Crane Holdings common share; NYSE ticker remains 'CR'.
Stockholder vote required at April 25, 2022 annual meeting; completion expected by Q2 2022.
Boards of Crane Co. and Crane Holdings unanimously approved; directors and officers remain unchanged.
Reorganization intended to qualify as tax-free restructuring under Section 368(a) of the Internal Revenue Code.

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