Columbus McKinnon to Buy Kito Crosby From KKR

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
Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced a definitive agreement under which Columbus McKinnon will acquire Kito Crosby Limited ("Kito Crosby") from funds managed by leading global investment firm KKR in an all-cash transaction valued at $2.
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.
Columbus to buy Kito Crosby from KKR
Columbus McKinnon Corp has agreed to buy machinery maker Kito Crosby from Kohlberg Kravis Roberts & Co (KKR) in a transaction valued at US$2.7bil.
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 projects $70M synergies from Kito Crosby acquisition by year 3
CFO Greg Rustowicz reported adjusted operating income of $25.6 million and an adjusted EBITDA of $37.8 million, with an adjusted gross margin of 36.8%. He also noted a $0.14 GAAP EPS and detailed the impact of $3.1 million in factory closure expenses.
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.
StockStory.org on MSN11h
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 ...
Columbus McKinnon stock tumbles on earnings, acquisition news
Shares of Columbus McKinnon (NASDAQ:CMCO) plummeted 41% after the company reported third-quarter earnings that fell short of ...
Columbus McKinnon (NASDAQ:CMCO) Lowered to “Hold” Rating by StockNews.com
StockNews.com lowered shares of Columbus McKinnon (NASDAQ:CMCO – Free Report) from a buy rating to a hold rating in a report issued on Tuesday. Columbus McKinnon Price Performance NASDAQ:CMCO opened ...
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 ...
Hosted on MSN1d
Columbus McKinnon (CMCO) Lags Q3 Earnings and Revenue Estimates
Columbus McKinnon (CMCO) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.74 per share a year ago. These ...