CLARCOR

Parker Hannifin has offered the US Department of Justice concessions, including selling the aviation fuel filtration business, to address the agency's post-closing challenge to its $4.3 billion Clarcor acquisition.

Parker Hannifin and CLARCOR have entered into a definitive agreement under which Parker will acquire CLARCOR for about $4.3 billion.

Parker-Hannifin agreed to acquire CLARCOR, a Franklin, Tennessee filtration manufacturer, for $83.00 per share in cash. The deal values CLARCOR at about $4.3 billion including net debt.