SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 18, 1994
CRANE CO.
(Exact name of registrant as specified in its Charter)
Delaware 1-1657 13-1952290
(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification No.)
100 First Stamford Place, Stamford, CT 06902
(Address of principal executive offices) (Zip Code)
(203) 363-7300
Registrant's telephone number, including area code
(Not Applicable)
(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets
On March 18,1994 the Crane Acquisition Corp., a
Washington corporation (the"purchaser") and a wholly
owned subsidiary of Crane Co., a Delaware corporation
acquired 98.7% (5,620,383 shares) of the outstanding
stock of ELDEC Corporation, a Washington corporation
("ELDEC") from individual shareholders and trusts for
$73,064,979 and thereafter consummated the merger of
ELDEC Corporation into Crane Acquisition Corp. The
surviving corporation is named ELDEC Corporation and it
is anticipated that ELDEC Corporation will continue to
operate as a wholly owned subsidiary of Crane Co. Any
shares not acquired in the tender offer will be granted
the right to receive $13 net per share in cash. The
source of the funds used to finance the transaction was
short-term borrowings under its uncommitted credit lines.
ELDEC, designs, manufactures and markets custom
electronic and electromechanical products and systems for
applications that are technically and environmentally
demanding. The company serves both the commercial and
military aerospace markets, and its major customers are
airframe and aircraft engine manufacturers and electronic
systems manufacturers. The company has four product
lines; sensing systems that monitor the status of
aircraft landing gear, doors and flight surfaces; low
voltage and high voltage power supplies for avionic and
defense electronic systems; monitor and control devices
for aircraft engines, including flowmeters and engine
diagnostic systems; battery chargers, transformer-
rectifiers and other devices that regulate dc power on an
aircraft.
Item 7. Financial Statements and Exhibits
a. Financial Statements of business acquired
It has been determined that it is impracticable to
provide financial statements for ELDEC Corporation, in
the form required by Item 7 of Form 8-K within 15 days
of the acquisition. Such financial statements are
expected to be available and will be filed on or before
April 30, 1994.
b. Proforma Financial Information
It has been determined that it is impracticable to
provide proforma financial information relative to ELDEC
Corporation in the form required by Item 7 of Form 8-K
within 15 days of the acquisition. Such information is
expected to be available and will be filed on or before
April 30, 1994.
c. Exhibits
a)There is incorporated by reference herein:
1) Agreement for merger and reorganization,
dated as of February 11,1994 among Crane
Acquisition Corp. and ELDEC Corporation
contained in Exhibit c(1) to Schedule 14D-1
filed February 17, 1994.
2) Stock purchase agreement made and entered
into as of February 11, 1994 among the
individual shareholders and trusts described
in Schedule a thereto, Crane co. and Crane
Acquisition Corp. contained in Exhibit c(2)
to schedule 14D-1 filed February 17,1994.
Pursuant to the requirements of the securities exchange
act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto
duly authorized.
Crane Co.
Registrant
March 31, 1994
By:/s/ P.R. Hundt
P.R. Hundt
Vice President
By:/s/ M.L. Raithel
M.L. Raithel
Controller-Chief
Accounting Officer