Illinois Tool Works (ITW) Acquires Enodis plc for $2.3 Billion
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Illinois Tool Works Inc. (NYSE: ITW) announced that an agreement has been reached with the Enodis plc Board of Directors on the terms of a recommended $2.1 billion cash offer to purchase the entire issued and to be issued ordinary share capital of Enodis. The transaction also includes the assumption of Enodis' net debt, which was $210 million as of September 30, 2007, bringing the total fair market value to $2.3 billion.
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