Crane 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.
BofA/Merrill industrials/EU autos analysts hold analyst/industry conference call Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.