Crane 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."
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