FTC Seeks More Info On Graco's $650M ITW Deal

Law360, Los Angeles (July 5, 2011, 3:16 PM EDT) -- Graco Inc. said Tuesday it had received a request for additional information from the Federal Trade Commission in an antitrust review of the fluid management technology company’s proposed $650 million acquisition of certain Illinois Tool Works Inc. operations.

“Graco has been cooperating with FTC staff since Graco originally filed its required notification pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ... on May 2,” the company said. “Graco intends to continue to cooperate with the FTC to obtain clearance as promptly as possible.”

The FTC’s...
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