Crane proposes $45-per-share all-cash takeover of Circor International

Crane Co proposed to acquire Circor International for $45 per share in cash, a 47% premium to Circor's closing price. Circor's board rejected the April 30 proposal, and Crane made it public on May 21, 2019.

“Crane makes proposal to acquire Circor. Crane Co has submitted a proposal to acquire Circor International Inc for US$45 per share.”worldpumps.com

• 2 sources
• worldpumps.comCrane makes proposal to acquire Circor - World PumpsMay 21, 2019
• reuters.comPumps and valves maker Crane makes $894-million hostile bid for rival Circor | ReutersMay 21, 2019

Summarized from public sources; check the original articles before acting on it.