Crane Company spin-off gains SEC effectiveness; distribution set for April 3, 2023

Crane Co

SEC declares effective Amendment No. 1 to Form 10 for Crane Company spin-off.
Record date for distribution: March 23, 2023; effective date: April 3, 2023.
Crane Holdings to rename to Crane NXT, Co., trading as "CXT"; spun-off Crane Company trades as "CR" from April 4.
Distribution ratio: one share of Crane Company for each share of Crane Holdings held at record date.
Spin-off includes Aerospace & Electronics, Process Flow Technologies, and Engineered Materials segments.

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