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BRIEF-Crane Nxt To Acquire Opsec Security For $270 Million In Cash
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BRIEF-Crane Nxt To Acquire Opsec Security For $270 Million In Cash
Mar 11, 2024 5:12 AM

March 11 (Reuters) - Crane NXT Co ( CXT ):

* CRANE NXT TO ACQUIRE OPSEC SECURITY, A GLOBAL LEADER IN

BRAND

PROTECTION AND AUTHENTICATION SOLUTIONS

* CRANE NXT CO ( CXT ) - TO ACQUIRE OPSEC SECURITY ("OPSEC") FOR

$270

MILLION IN CASH

* CRANE NXT CO ( CXT ) - TRANSACTION EXPECTED TO DELIVER DOUBLE

DIGIT ROIC

BY YEAR FIVE

* CRANE NXT CO ( CXT ) - THIS AGREEMENT DOES NOT INCLUDE ACQUISITION

OF

ZACCO, CURRENTLY PART OF OPSEC, WHICH WILL REMAIN WITH

INVESTCORP

* CRANE NXT CO ( CXT ) - PARTIES INTEND FOR OPSEC AND ZACCO TO

CONTINUE A

BUSINESS RELATIONSHIP POST-ACQUISITION

Source text for Eikon:

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