CRANE <CR> SHAREHOLDERS APPROVE 3-FOR-2 SPLIT
Crane Co said shareholders at its
annual meeting approved a three-for-two stock split of its
common to shareholders of record May seven. Crane said the
additional shares will be issued on or about May 21.
    It said the number of common shares outstanding will
increase to 23.7 mln from 15.8 mln.
    Crane also said shareholder's approved an increase in the
company's common to 80 mln from 40 mln and authorized five mln
shares of preferred stock with a par value of one ct.
 Reuter
