Eaton To Bid For domnick hunter
Posted on August 29, 2005Eaton To Bid For domnick hunter Eaton Corp. has launched a bid for domnick hunter Plc ., an international group of companies specializing in the design and manufacture of filtration, separation and purification products and technologies for a wide range of markets. The company had been pursued by Parker Hannifin, which put in an initial bid in early August and later increased its offer.
According to reports, Eaton has offered $436 million for domnick hunter, topping Parker’s $418 million tender. Both offers will be weighed by company management and shareholders.