Parker-Hannifin to acquire LORD Corporation for $3.675 billion in cash

Parker-Hannifin entered a merger agreement under which it will acquire LORD Corporation for $3.675 billion in cash on a cash-free, debt-free basis, to be financed with new debt.

“Parker will pay a purchase price of $3.675 billion in cash, on a cash-free, debt-free basis, subject to customary post-closing adjustments.”sec.gov

• 1 source
• sec.govParker-Hannifin Corp Form 8-K filed April 29, 2019Apr 29, 2019

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