other material
confidence high
sentiment neutral
materiality 0.80
Crane Holdings sets spin-off record date March 23, distribution April 3; to rename as Crane NXT, Co.
Crane NXT, Co.
- Record date for spin-off: 5:00 p.m. ET on March 23, 2023; effective distribution date: April 3, 2023 at 5:00 p.m.
- Each Crane Holdings shareholder receives 1 share of Crane Company common stock for each share held.
- Post-spin-off, Crane Holdings renamed to Crane NXT, Co.; Crane Company becomes independent publicly traded company.
- Final Information Statement dated March 8, 2023 made public; mailing of notice begins on or around March 16, 2023.
- Press release announces 'ex-distribution' and 'when-issued' trading arrangements; details not provided in filing.