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News Breaks | | | | March 6, 2013 | | 17:37 EDT |  | ITW | Illinois Tool Works, Relational, Batchelder in one-year extension of pact
On March 1, Illinois Tool Works and Relational Investors, David H. Batchelder, and certain other Relational affiliates entered into a one-year extension of the letter agreement they had entered into on January 13. The extension provides Relational with an option to appoint Mr. Batchelder to the ITW board of directors at Relational's request any time before the ninetieth day prior to ITW's 2014 Annual Meeting of Stockholders. Should Mr. Batchelder join the company's board, ITW agrees to re-nominate him at the Company's 2014 Annual Meeting of Stockholders for a customary one-year term. During the term of the agreement, Relational has agreed to support the company's recommendations for | |
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News For ITW From The Last 14 Days Check below for free stories on ITW the last two weeks. |
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| May 15, 2013 | | 17:30 EDT | | ITW | Relational Investors gives quarterly update on stakes
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