other material
confidence high
sentiment neutral
materiality 0.75
Crane Holdings spin-off of Crane Company progresses with SEC effectiveness; distribution dates, ticker changes set
Crane NXT, Co.
- SEC declared effective Amendment No. 1 to Form 10 for the spin-off of Crane Company.
- Record date for distribution: March 23, 2023; distribution effective at 5:00 p.m. ET on April 3, 2023.
- Post-spin, Crane Holdings to rename to Crane NXT, Co. and trade under ticker CXT; spun-off Crane Company to trade under CR.
- Stockholders will receive one share of Crane Company for each Crane Holdings share held on the record date.