Crane co. announces intention to separate into two independent, publicly traded companies

Stamford, conn.--(business wire)--crane co. (nyse: cr), a diversified manufacturer of highly engineered industrial products, announced today that its board of directors has unanimously approved a plan to pursue a separation into two independent, publicly-traded companies to optimize investment and capital allocation, accelerate growth, and unlock shareholder value. upon completion, crane co.'s shareholders will benefit from ownership in two focused and simplified businesses that are both leader
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