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Acquisition Information - ITW Finishing Businesses

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04/02/12Graco Closes Finishing Brands Acquisition
Powder Finishing business to be consolidated with Graco's Industrial Segment, while Liquid Finishing businesses to be held separate under FTC order MINNEAPOLIS--(BUSINESS WIRE)--Apr. 2, 2012-- Graco Inc. (NYSE: GGG) announced today that it has closed on its $650 million acquisition of the Illinois Tool Works Inc. (NYSE: ITW) finishing businesses. The Company previously announced that it reached an agreement with the United States Federal Trade Commission ("FTC"), which allowed for closing to o... 
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03/27/12Graco Announces Scheduled Closing Date for Finishing Brands Acquisition
Powder Finishing business clears FTC hurdles, while Liquid Finishing businesses remain under review MINNEAPOLIS--(BUSINESS WIRE)--Mar. 27, 2012-- Graco Inc. (NYSE: GGG) announced today the scheduled closing of its previously-announced $650 million acquisition of the Illinois Tool Works Inc. (NYSE: ITW) finishing businesses for April 2, 2012. The Company has reached an agreement with the United States Federal Trade Commission ("FTC") that will allow for closing to occur while the FTC investigat... 
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12/15/11Graco Responds to FTC Actions
MINNEAPOLIS -- (BUSINESS WIRE) -- Dec. 15, 2011 -- Graco Inc. (NYSE: GGG) was informed today that the Federal Trade Commission (FTC) will file a complaint to challenge Graco's proposed acquisition of the finishing businesses of Illinois Tool Works Inc. (NYSE: ITW). "I am disappointed with today's decision by the FTC. Graco strongly believes this transaction is pro-competitive and intends to vigorously fight for approval in court," said Patrick J. McHale, Graco's President and CEO. "The liquid ... 
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07/05/11Graco Receives FTC Request for Additional Information Related to Proposed Acquisition of ITW Finishing Businesses
MINNEAPOLIS, Jul 05, 2011 (BUSINESS WIRE) -- Graco Inc. (NYSE: GGG) announced today that it has received a request for additional information (commonly referred to as a "Second Request") from the Federal Trade Commission ("FTC") in connection with Graco's proposed acquisition of the operations of the finishing businesses of Illinois Tool Works Inc. (NYSE: ITW). Graco has been cooperating with FTC staff since Graco originally filed its required notification pursuant to the Hart-Scott-Rodino Antit... 
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06/01/11Graco Inc. to Refile Hart-Scott-Rodino Pre-Acquisition Notification
MINNEAPOLIS, Jun 01, 2011 (BUSINESS WIRE) -- Graco Inc. (NYSE: GGG) announces that it has withdrawn and will refile its notification and report form filed under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act to provide the Federal Trade Commission (FTC) additional time to review the Company's proposal to acquire the operations of the finishing businesses of Illinois Tool Works Inc. (NYSE: ITW). Graco Inc. originally filed its required HSR notification on May 2, 2011. The FTC's review i... 
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04/14/11Graco to Acquire the Finishing Businesses of ITW, a Global Manufacturer of Liquid and Powder Finishing Technologies
Advances Graco's Core Growth Strategies, Gives Graco a Leading Position in Industrial Powder Paint Equipment, Brings Several Widely Recognized Premium Brands to Graco MINNEAPOLIS, Apr 14, 2011 (BUSINESS WIRE) -- Graco Inc. (NYSE: GGG) announced today that it has entered into a definitive agreement to purchase the operations of the finishing businesses of Illinois Tool Works Inc. (NYSE: ITW) in a $650 million cash transaction. The ITW businesses manufacture and distribute equipment for indust... 
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