Clarcor Inc. (1.4%)(CLC –$82.47–NYSE) (NYSE:CLC) is a Franklin, Tennessee based filtration products company. Parker Hannifin announced it would acquire Clarcor for $83 cash per share or $4.3 billion on December 1, 2016. The deal is subject to shareholder and regulatory approvals and is expected to close in the first quarter of 2017.
From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.
