Crane Co. Divests Asbestos Liability Subsidiary To Liability Management Company

Mealey's (September 27, 2022, 9:34 AM EDT) -- STAMFORD, Conn. — Crane Holdings Co. sold Redco Corp., its subsidiary that holds the company’s asbestos-related liabilities, related insurance assets and $550 million in cash to a liability management company, according to a press release....