# 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.

- Type: Acquisition
- Announced: 2019-04-26
- Where: United States
- Value: $3.67B
- Status: announced
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Parker-Hannifin](https://endata.com/companies/479.md) (acquirer)
- [LORD Corporation](https://endata.com/companies/4964.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/76334/000095015719000495/form8k.htm), 2019-04-29: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.