Parker Hannifin defends $4.3 billion acquisition of CLARCOR
Clients Parker Hannifin Corporation
Following a post-closing antitrust investigation, Parker Hannifin Corporation retained Jones Day to act as antitrust counsel in its litigation with the U.S. Department of Justice (DOJ) Antitrust Division over the company’s $4.3 billion acquisition of CLARCOR Inc. In December 2017, Parker Hannifin reached a settlement with DOJ, agreeing to divest its Facet filtration business, which accounted for approximately $60 million in revenue.
United States v. Parker-Hannifin Corp., No. 1:17-cv-01354 (D. Del.)