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Big Law

Crane Makes Hostile $896 Million Offer for Rival Circor

Crane Co. has made a hostile $896 million offer for Circor International Inc. after an earlier proposal to the rival industrial products manufacturer’s board was rejected this month. The $45-a-share cash bid is a 47% premium to Monday’s closing price and values Burlington, Massachusetts-based Circor at about $1.7 billion, including debt, Crane said.

Read the source article at Bloomberg.com

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