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

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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...

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