I am an investor in Signal Technology Corp. (STCO), which became a subsidiary of Crane Co. on May 29, 2003 through the completion of Crane’s all cash tender offer. Is it too late to tender my Signal shares to receive $13.25 net per common share of Signal?

Q:

I am an investor in Signal Technology Corp. (STCO), which became a subsidiary of Crane Co. on May 29, 2003 through the completion of Crane’s all cash tender offer. Is it too late to tender my Signal shares to receive $13.25 net per common share of Signal?

A:

All shareholders of STCO who did not tender their shares during the initial tender period that expired on May 22, 2003 received a second letter of transmittal and instructions for surrendering their certificates pursuant to the merger of STC Merger Co. with and into Signal Technology Corporation which became effective on May 29, 2003. Proceeds of the cash exchange will be paid out to former shareholders of STCO upon receipt by the company's agent of a duly executed Letter of Transmittal.