Crane Co T.CR

Primary Symbol: CR Alternate Symbol(s): CXT

Crane Company is a manufacturer of engineered components for mission-critical applications focused on the aerospace, defense, space and process flow industry end markets. Its segments include Aerospace & Electronics, Process Flow Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. The Process Flow Technologies segment is a provider of engineered fluid handling equipment for critical applications. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies and trailers (Transportation). It also designs and manufacturers multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications.

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Crane Co > My letter to Dale

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Comment by gonatgasgoon Aug 18, 2024 4:27pm

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Post# 36185124

RE:RE:My letter to Dale

Hi Upinmuskoka,

I am glad that he responded to you. Short and sweet. I am sure the M&A is in part due to many frustrated shreholders, including you and I. At the end of the day, I do not think we could have hoped for anything better than this deal. 72% premium; all stock transaction; now part of the top quality nat gas company in Canada.

When TOU reaches $74, that would be Crew at $8.50...plus dividends until then.

upinmuskoka1 wrote: For those that are interested I just got a reply from Dale.

Hi Mike,

Thanks for being an interested and loyal shareholder. I was unable to respond because of the impending announcement but have not forgotten about your interest and concerns.

I hope you are pleased with the announcement to sell to Tourmaline. The 70% premium was a over a 20 year high in energy transactions and our shareholders can share in what we believe will be an improved gas market with Canada’s top gas producer and collect a dividend.

Hope this helps your retirement planning,

Dale

I will say one thing Dale is a pretty straight-up guy.