CLEVELAND (July 11)—The Federal Trade Commission and U.S. Justice Department in effect have OK´d the Parker Hannifin Corp. offer to buy Wynn´s International Inc. Parker Hannifin said the FTC and Justice allowed a 15-day waiting period to pass without taking any antitrust action, clearing the way for a condition of closing on the tender offer for Wynn´s.
Parker Hannifin buy-out of Wynn´s passes hurdle
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