secwatch.observer — SEC 8-K summary
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Issuer:     Crane Co (CR)
CIK:        0001944013
Form:       8-K
Filed at:   2025-06-09T23:59:59+00:00
Accession:  0001193125-25-137875
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crane Company to acquire Precision Sensors & Instrumentation from Baker Hughes for $1.06B
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- Purchase price of $1,060M after adjusting for ~$90M NPV of tax benefits.
- PSI expected 2025 sales of ~$390M and adjusted EBITDA of ~$60M.
- Transaction meets Crane's financial criteria including 10% ROIC by year five.
- Closing expected end of 2025 or early 2026, subject to regulatory approvals.
- Crane estimates post-acquisition net debt to adjusted EBITDA ratio of ~1x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1944013/000119312525137875/0001193125-25-137875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1944013/000119312525137875/d62192d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-137875

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