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Robbins Arroyo LLP: Acquisition of CLARCOR Inc. (CLC) by Parker-Hannifin Corporation (PH) May Not Be in Shareholders' Best Interests

SAN DIEGO & FRANKLIN, Tenn.--(BUSINESS WIRE)--Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of CLARCOR Inc. (NYSE: CLC) by Parker-Hannifin Corporation (NYSE: PH). On December 1, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Parker-Hannifin will acquire CLARCOR. Under the terms of the agreement, CLARCOR shareholders will receive $83.00 for each share of CLARCOR common stock.