Parker Hannifin Corp. (NYSE: PH), which makes motion-control technology, agreed to acquire filtration-products manufacturer Clarcor Inc. (NYSE: CLC) for about $4.3 billion, including the assumption of net debt.

The deal, for $83 a share in cash, represents a premium of 18 percent to Clarcor’s closing price on Nov. 30, according to a statement by Cleveland-based Parker.

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