Crane Announces EC Extends Review Period on Planned Acquisition of MEI Conlux from July 5 to July 19

Crane Co.

said today that the European Commission has extended its initial review period to rule on the planned acquisition of MEI Conlux from July 5 to July 19, following proposals submitted by Crane Co. to address antitrust concerns. The Company stated that the Commission is focused on two product lines in the European market, and the Company is engaged in discussions with the Commission regarding potential remedies that would affect less than 10 percent of the aggregate sales of the combined businesses. The Company remains hopeful that these issues will be favorably resolved in the initial review period. Crane Co. also stated that the