By Susanna Moon
Chicago, July 5 - Crane Group Ltd. said it completed an oversubscribed A$60 million institutional placement of shares.
The company issued 3,703,704 shares at A$16.20 each.
Placement proceeds will help finance the acquisition of Kingston Bridge Engineering Pty. Ltd.
The issue is expected to settle July 9.
Crane manufactures and distributes plastic and metal pipeline systems and is based in North Sydney, Australia.
| Issuer: | Crane Group Ltd.
|
| Issue: | Stock
|
| Amount: | A$60 million
|
| Shares: | 3,703,704
|
| Price: | A$16.20
|
| Settlement date: | July 9
|
| Stock symbol: | Australia: CRG
|
| Stock price: | A$17.31 at close July 4
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
