Crane co. reports complaint filed by the department of justice to block the sale of its engineered materials segment

Stamford, conn.--(business wire)--crane co. (nyse: cr), a diversified manufacturer of highly engineered industrial products, reported today that the department of justice (“doj”) has filed a complaint to enjoin the sale of its engineered materials segment to grupo verzatec, s.a. de c.v. (“verzatec”). in the normal course, the company expects to engage in a process with verzatec, the doj and /or the courts to address the doj's antitrust concerns regarding a minor overlap in a narrow range of mat
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