December 1, 2016 / 12:15 PM / a year ago

Engineering company Parker-Hannifin to buy Clarcor

Dec 1 (Reuters) - Parker-Hannifin Corp, which makes motion and control systems for the industrial and aerospace markets, said on Thursday it would buy air filtration systems maker Clarcor Inc for about $4.3 billion, including debt.

Parker Hannifin’s offer of $83 per share represents a premium of about 17.8 percent to Clarcor’s closing price on Wednesday. (Reporting by Arunima Banerjee in Bengaluru; Editing by Savio D‘Souza)

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