other material
confidence high
sentiment neutral
materiality 0.70
Crane Holdings sets record date April 3 for spin-off of Crane Company; to rename as Crane NXT, trade CXT
Crane NXT, Co.
- 1:1 distribution of Crane Company shares; record date March 23, 2023.
- Distribution effective April 3, 2023; Crane Company to trade as CR on NYSE.
- Post-spin, Crane Holdings renamed Crane NXT, trading as CXT starting April 4.
- Spin-off includes Aerospace & Electronics, Process Flow Technologies, Engineered Materials segments.
- Completion subject to SEC effectiveness of Form 10; Crane Company filed amendment.