Reuters: Mergers News: FTC settles with Graco to buy Illinois Tool units

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

FTC settles with Graco to buy Illinois Tool units May 31st 2012, 14:44 WASHINGTON | Thu May 31, 2012 10:44am EDT WASHINGTON May 31 (Reuters) - Antitrust regulators have wrapped up a settlement agreement with Graco Inc, giving the company approval to complete its purchase of some assets belonging to Illinois Tool Works Inc, the Federal Trade Commission said on Thursday. Under a proposed order, Graco would be required to sell the global liquid finishing business of Illinois Tool Works and ITW Finishing LLC. The two companies are among only three in the United States to make equipment that applies paint and other liquid finishes to a broad range of manufactured goods, the FTC said in announcing in December that it opposed the deal.

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