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Industry NewsParker Wants The Rest Of TaiyoJanuary 19, 2012 Parker Hannifin Corp. said it has commenced a cash tender offer to purchase all of the outstanding shares not owned by Parker in Taiyo, Ltd., a majority owned subsidiary of Parker, in Osaka, Japan. The tender offer, which has been formally made by Parker Hannifin Japan Holdings GK, extends through March 5, 2012 for the remaining 43.51% of the shares of Taiyo not owned by Parker. The acquisition is subject to certain regulatory approvals and the tender of a majority of the shares of Taiyo not owned by Parker. Parker has been the majority shareholder in Taiyo since June 2006 and has had a formal relationship with Taiyo since forming a business alliance in 2002. Taiyo has annual sales of approximately $225 million and manufactures hydraulic and pneumatic actuators, cylinders and specialized pneumatic products. Taiyo has four manufacturing plants located in
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