secwatch.observer — SEC 8-K summary
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Issuer:     Crane Co (CR)
CIK:        0001944013
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0001628280-24-000238
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crane acquires Vian Enterprises for $103M to bolster aerospace fluid solutions
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- Purchase price of approximately $103 million on a cash-free, debt-free basis.
- Vian had trailing 12-month sales of ~$33M and adjusted EBITDA of ~$8M through August 2023; backlog exceeds $100M.
- Deal is expected to be immediately accretive to Aerospace & Electronics segment EBITDA margins.
- Financed primarily with proceeds from Crane's revolving credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1944013/000162828024000238/0001628280-24-000238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1944013/000162828024000238/cr-20240103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-000238

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