Crane (CR) agrees to buy MEI Conlux Holdings and its Japanese affiliate for ~$820M from PE firms...

|About: Crane Co. (CR)|By:, SA News Editor

Crane (CR) agrees to buy MEI Conlux Holdings and its Japanese affiliate for ~$820M from PE firms Bain Capital and Advantage Partners to widen its base in making machines that can handle money through automated mechanisms. Crane expects MEI to add ~$0.25 to EPS within the first year.