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Parker-Hannifin has agreed to acquire Filtration Group Corporation, a U.S. private company affiliated with Madison Industries, on a cash-free, debt-free basis for $9.25 billion. The deal is expected to close within six to twelve months, subject to regulatory approvals.
“the company entered into a definitive agreement to acquire Filtration Group Corporation on a cash-free, debt-free basis for a cash purchase price of $9.25 billion”investors.parker.com
Summarized from public sources; check the original articles before acting on it.