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Stock Market & Financial Investment News

News Breaks
December 21, 2012
05:16 EDTCRCrane to acquire MEI Conlux
Eric Fast, president and CEO of Crane Co., said, "Excluding inventory step-up and one-time transaction costs, we expect MEI to be accretive to earnings within the first year of acquisition by approximately 25c per share, including 5c in synergies. We expect synergies to grow to $25M annually on a pre-tax basis, or 30c per share in 2015."
News For CR From The Last 14 Days
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April 14, 2015
08:27 EDTCRPrivate equity business model strong, results likely strong, says Oppenheimer
Oppenheimer's analyst says that private equity's business model is the best one he has seen in 30 years of following financial stocks. The firm expects most of the companies in the sector to report strong Q1 results, and predicts that investors will gain confidence in the sustainability of private equity firms' businesses. Oppenheimer identifies Crane (CR) and KKR (KKR) as its favorite names in the sector.

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