UPDATE: ITW to Sell its Industrial Packaging Segment to The Carlyle Group for $3.2B
February 06, 2014 at 16:24 PM EST
Illinois Tool Works (NYSE: ITW ) today announced that it has signed a definitive agreement to sell its Industrial Packaging Segment to The Carlyle Group (NASDAQ: CG ) for $3.2 billion. The transaction is subject to regulatory approval and customary closing conditions and is expected to close by mid-year. "We