Recently, Parker Hannifin Corporation (NYSE:PH) completed the tender offer to purchase the outstanding shares in its Japanese subsidiary, TAIYO, LTD. Since June 2006, Parker is holding 56.49% shares in TAIYO, which is based in Osaka, Japan. The tender offer made by Parker Hannifin Japan Holdings GK increases the company’s holding in TAIYO to 97.82%.
The purchase price per share has been fixed at 250 yen (approximately $3.08). Parker paid a total consideration of 5.5 billion yen (approximately … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards