After-Hours Movers 12/23: MRM, BQI, SLGN Higher; ARNA Lower

Courtesy StreetInsider.com News Articles  Wed, 12/23/2009 - 16:30

Merrimac Industries, Inc. (AMEX: MRM) 38% HIGHER; Crane Co. (NYSE: CR) and Merrimac announced today that they have signed a definitive agreement for the acquisition of Merrimac by Crane.

Crane will pay $16.00 cash per share of common stock of Merrimac and associated common stock purchase rights.

Under the terms of the agreement, Crane will commence a tender offer to acquire all of the outstanding shares of common stock of Merrimac, and this transaction, which is subject to the satisfaction...


 

Related items

After-Hours Movers 04/18: (CR) (INVE) (ZION) (FSII)...
Crane Co. (NYSE: CR) 7.3% HIGHER; reported Q1 EPS of $0.76, $0.11 better than the analyst estimate of $0.65. Revenue for the quarter came in at $611.02 million versus the consensus estimate...

Notable Analyst Rating Changes 06/10: BHI, CR, WFT...
UPGRADES J.P. Morgan upgraded Baker Hughes (NYSE: BHI) up from Neutral to Overweight, maintained a $54 price target. KeyBanc upgrades Crane Co. (NYSE: CR) from Hold to Buy, price target of...

Hunt(R) Boston(R) 1800 Series Electric Sharpener,...
1800 Series Desktop Electric Pencil Sharpener, Charcoal Black / Sharpener with a compact design, yet full-size capability. X-ACTO steel blades ensure a high-quality sharpening each time....

SLIM CLIP
Slim ClipTM conveniently holds cash and credit cards in a modern, sleek design.Dual sides securely holds up to six credit or I.D. cards and 30 bills. Great for receipts and business cards,...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com