Crane NXT Completes First Phase of Antares Vision Acquisition [Yahoo! Finance]
Crane Co. (CR)
Last crane co. earnings: 4/27 05:01 pm
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Source: Yahoo! Finance
company, today announced the completion of its acquisition of approximately 32% of Antares Vision S.p.A. (“Antares Vision”) on a fully diluted basis from Regolo S.p.A. (“Regolo”) and Sargas S.r.L (“Sargas”). This milestone marks the first phase of Crane NXT's acquisition of Antares Vision. Under the terms of the definitive agreements, Crane NXT purchased this initial stake in Antares Vision at a price of €5.00 per share for a total consideration of approximately €117 million. The closing follows receipt of all required regulatory approvals. Aaron W. Saak, Crane NXT's President and Chief Executive Officer, stated: “We are excited to complete our initial investment in Antares Vision, marking a significant step forward in advancing our strategy and expanding our portfolio into the Life Sciences and Food & Beverage sectors. We look forward to continuing our partnership with Antares Vision as we move toward the next phase of this transaction.” As previously announced, the next step u
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