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Columbus McKinnon to Buy Kito Crosby From KKR
Columbus McKinnon's 'B+' rating on CreditWatch after Kito Crosby acquisition announcement - S&P Global
Corp. announced a definitive agreement to acquire Kito Crosby Ltd. (KCL), a manufacturer of lifting, rigging, and material-handling equipment. The transaction, valued at $2.7 billion, is expected to significantly increase the scale and scope of Columbus McKinnon's operations through the full integration of KCL.
Columbus McKinnon to Buy Kito Crosby in $2.7B Deal
It's set to form a leading material handling and motion control supplier with annual revenues of about $2.1 billion.
Columbus McKinnon to acquire Kito Crosby in $2.7B all-cash transaction
Columbus McKinnon (CMCO) announced a definitive agreement under which Columbus McKinnon will acquire Kito Crosby from funds managed by leading
Columbus McKinnon to Buy Kito Crosby From KKR for $2.7 Billion
Columbus McKinnon Corp. has agreed to buy machinery maker Kito Crosby from KKR & Co. in a transaction valued at $2.7 billion.
Columbus McKinnon to Combine with Kito Crosby Delivering Compelling Value Creation
Business combination materially improves scale and product scope, advancing Columbus McKinnon's strategy as the holistic provider of intelligent motion solutions in materials handling Complementary portfolio enhances strategic positioning in attractive verticals and target geographies,
Columbus McKinnon to buy Kito Crosby from KKR in $2.7B deal
Columbus McKinnon agreed to buy Kito Crosby Ltd. from KKR for $2.7B in cash, to advance its strategy as the holistic provider of intelligent motion solutions in materials handling.
Moody's reviews Kito Crosby's ratings for upgrade after Columbus McKinnon acquisition
Ratings has placed the ratings of Crosby US Acquisition Corp., also known as Kito Crosby, under review for an upgrade. This includes the B2 corporate family rating (CFR), B2-PD probability of default rating,
StockStory.org on MSN
2d
Why Columbus McKinnon (CMCO) Shares Are Plunging Today
Shares of material handling equipment manufacturer Columbus McKinnon (NASDAQ:CMCO) fell 41.9% in the afternoon session after ...
1d
Manufacturer that recently moved to Charlotte making $2.7B acquisition
The manufacturer announced this week it had reached a $2.7 billion deal to acquire Kito Crosby Ltd. The all-cash transaction ...
3d
Columbus McKinnon (NASDAQ:CMCO) Reports Sales Below Analyst Estimates In Q4 Earnings
Material handling equipment manufacturer Columbus McKinnon (NASDAQ:CMCO) fell short of the market’s revenue expectations in ...
2d
on MSN
Charlotte manufacturer aims for growth in nearly $3 billion deal to buy Texas company
Local industrial manufacturer Columbus McKinnon disclosed plans to buy Texas-based Kito Crosby in a deal worth $2.7 billion, ...
3d
Columbus McKinnon downgraded to Neutral from Buy at DA Davidson
DA Davidson downgraded Columbus McKinnon (CMCO) to Neutral from Buy with a $35 price target after the company reported fiscal Q3 sales, EBITDA ...
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