California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares 
Brazilian Oil Workers’ Strike Continues as Key Petrobras Union Rejects Proposal 
DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
California DMV Proposes New Safety Rules for Autonomous Vehicles After Waymo Incidents 
Winter Storm Devin Triggers Massive Flight Cancellations and Travel Disruptions Across the U.S. 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
FDA Approves Mitapivat for Anemia in Thalassemia Patients 
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
BlackRock-Backed Global Ports Deal Faces Uncertainty Amid Cosco Demands 
Warner Bros. Discovery Shares Slide Amid Report of Potential Paramount Skydance Lawsuit 
Nvidia and Groq Strike Strategic AI Inference Licensing Deal 
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
CLEVELAND, Sept. 26, 2017 -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today acknowledged that the U.S. Department of Justice (DOJ) has filed a complaint regarding Parker’s U.S. qualified aviation ground fuel filtration business in connection with Parker’s acquisition of CLARCOR, Inc. The estimated combined annual revenue attributable to Parker’s and CLARCOR’s U.S. qualified aviation ground fuel filtration elements under inquiry is less than $20 million.
Parker’s acquisition of CLARCOR Inc. was announced on December 1, 2016 and closed on February 28, 2017. The customary waiting period applicable to the requisite transaction filing under the Hart–Scott–Rodino (HSR) Antitrust Improvements Act of 1976, expired on January 17, 2017. The Company noted that no second request for information was made prior to the expiration of the customary waiting period. Parker has cooperated fully with the DOJ throughout this process and has been working diligently to respond to their post-closing inquiry. Parker is now reviewing the complaint and looks forward to the ultimate resolution of this matter.
About Parker Hannifin
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For 100 years the company has engineered the success of its customers in a wide range of diversified industrial and aerospace markets. Parker has increased its annual dividend per share paid to shareholders for 61 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at www.parker.com or @parkerhannifin.
###
Media – Aidan Gormley, Director, Global Communications and Branding 216/896-3258 [email protected] Financial Analysts – Robin J. Davenport, Vice President, Corporate Finance 216/896-2265 [email protected]
