Crane NXT, Co. (NYSE:CXT) proposed to acquire an additional 41.13% stake in Antares Vision S.p.A. (BIT:AV) from Regolo Spa and others for approximately ?150 million on December 16, 2025. A cash consideration valued at ?5 per share will be paid by Crane NXT, Co. The Offer is aimed at acquiring the entire share capital of Antares Vision S.p.A. and, in any case, achieving Delisting. Crane NXT, Co. along with persons acting in concert collectively owns 58.87% stake in Antares Vision S.p.A. Upon completion, Crane NXT, Co. along with persons acting in concert will own 100% stake in Antares Vision S.p.A.
The acceptance period will begin following CONSOB's approval of the Offer Document in accordance with applicable regulations and the publication of the Offer Document. On February 5, 2026, the transaction has been approved by the Commissione Nazionale per le Società e la Borsa (CONSOB). The tender offer will commence on February 16, 2026 and will close on March 6, 2026.As of March 23, 2026, based on provisional results, 10,838,309 Shares (14.96% of the Issuer's share capital) have been tendered to the Offer for a total consideration of ?54.19 million. Therefore, the Offeror, with Persons Acting in Concert, will hold an overall direct participation of 97.00% of the share capital (96.99% fully diluted) and an indirect participation, including Treasury Shares, of 97.05% of the share capital (97.03% fully diluted). Following the completion of the Second Tranche of the Regolo Sale and Purchase, the Offeror's overall participation will equal 97.05% of the voting rights (97.03% on a fully diluted basis).
Sodali S.p.a. acted as information agent for Crane NXT, Co. PedersoliGattai acted as legal advisor for Crane NXT, Co. Goldman Sachs & Co. LLC acted as financial advisor for Crane NXT, Co. and by Equita SIM SpA and Intermonte SIM SpA, as intermediaries responsible for coordinating the collection of acceptances to the Offer. Regolo and the Senior Executives are assisted by BonelliErede, as legal advisor, and by JP Morgan, as financial advisor.
Crane NXT, Co. (NYSE:CXT) completed the acquisition of an additional 41.13% stake in Antares Vision S.p.A. (BIT:AV) from Regolo Spa and others on April 1, 2026. Antares Vision has been delisted from the Euronext Milan stock exchange and is now a wholly owned subsidiary of Crane NXT. Antares Vision will be included in Crane NXT?s newly established Detection & Traceability Technologies segment, alongside Crane's CPI business, and its results will be consolidated into Crane NXT?s financial statements.
Crane NXT, Co. is an industrial technology company. The Company provides micro-optics technology for securing physical products, as well as digital authentication, and its electronic equipment and associated software leverages capabilities with detection and sensing technologies. Its segments include Crane Payment Innovations (CPI) and Security and Authentication Technologies (SAT). The CPI segment provides electronic equipment and associated software leveraging capabilities with various detection and sensing technologies for applications including verification and authentication of payment transactions. It also provides automation solutions, and processing systems, field service solutions, and remote diagnostics and productivity software solutions. The SAT segment provides security solutions based on technology for securing physical products, including banknotes, consumer goods, and industrial products.
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