Brief: Crane Nxt To Acquire Opsec Security For $270 Million In Cash

Crane NXT

11/03/2024 11:52

March 11 (Reuters) - Crane NXT Co  CXT.N :
    * CRANE NXT TO ACQUIRE OPSEC SECURITY, A GLOBAL LEADER IN
BRAND
PROTECTION AND AUTHENTICATION SOLUTIONS
    * CRANE NXT CO - TO ACQUIRE OPSEC SECURITY ("OPSEC") FOR
$270
MILLION IN CASH
    * CRANE NXT CO - TRANSACTION EXPECTED TO DELIVER DOUBLE
DIGIT ROIC
BY YEAR FIVE
    * CRANE NXT CO - THIS AGREEMENT DOES NOT INCLUDE ACQUISITION
OF
ZACCO, CURRENTLY PART OF OPSEC, WHICH WILL REMAIN WITH
INVESTCORP
    * CRANE NXT CO - PARTIES INTEND FOR OPSEC AND ZACCO TO
CONTINUE A
BUSINESS RELATIONSHIP POST-ACQUISITION

Source text for Eikon:  ID:nBw9kF21va 
Further company coverage:  CXT.N 

 ((Reuters.Briefs@thomsonreuters.com;))