CHICAGO -- Illinois Tool Works Inc. (ITW) is extending the expiration date of its cash tender offer to purchase all outstanding shares of common stock of Click Commerce, while the parties await approval by the German Federal Cartel Office.
The offer, which had previously been scheduled to expire at midnight on Oct. 16, has been extended until midnight, EST, on Wednesday, Oct. 25, unless further extended.
The parties received notification of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act applicable to the acquisition. The expiration of the initial Hart-Scott-Rodino waiting period satisfies one of the principal conditions to the pending acquisition.
