Parker Hannifin Completes Wynn’s Purchase
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Cleveland conglomerate Parker Hannifin Corp. said Friday it has completed its cash acquisition of Wynn’s International Inc., Orange-based maker of automotive and industrial sealing components.
The New York Stock Exchange suspended trading in Wynn’s stock and will move to delist the shares. Wynn’s has about 5,000 employees worldwide, but only 13 were assigned to the company’s headquarters. Parker Hannifin’s stock rose 38 cents to $38.31 on the New York Stock Exchange.
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