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Stock Market & Financial Investment News

News Breaks
December 21, 2012
05:09 EDTCRCrane to acquire MEI Conlux Holdings for approximately $820M
Crane announced that it has signed an agreement to purchase 100% of the equity interests in MEI Conlux Holdings and its affiliate MEI Conlux Holdings from Bain Capital and Advantage Partners. The purchase price is approximately $820M on a cash free and debt free basis, representing 9.6 times MEI's estimated 2012 EBITDA of $85M. MEI, a leading provider of payment solutions for unattended transaction systems, serves customers in the transportation, gaming, retail, service payment and vending markets.
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