Crane completes tender offer for Merrimac Industries

By Mass High Tech staff

Video Gallery

MHT's Galen Moore: Honoring innovation in New England

MooBella provides on-demand ice cream demo

MHT's Efrain Viscarolasaga: Tech companies may have to wait for stimulus funds

Spin Transfer whips up $36M in first round [February 13, 2012]

Oxford Immunotec taps Altieri as CFO [February 13, 2012]

SeraCare selling to Linden for $82M [February 13, 2012]

UtiliData finds more funding from Braemer [February 13, 2012]

Industrial engineering product manufacturer Crane Co. has completed a tender offer for New Jersey-based Merrimac Industries Inc., a designer and manufacturer of RF Microwave signal processing components and subsystem assemblies.

Crane took in 92.5 percent of Merrimac common stock shares outstanding, through its acquisition of 2.8 million tendered Merrimac shares. A short-form merger is expected to seal the acquisition deal, Crane officials said in a news release.

Stamford, Conn.-based Crane (NYSE: CR) was founded in 1855 and makes industrial products for the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets.

Merrimac Industries, which has about 210 employees, serves the defense, satellite communications, commercial wireless and homeland security markets.

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.