GLENVIEW, IL — Illinois Tool Works Inc. (ITW) has successfully completed its cash tender offer to purchase all outstanding shares of common stock of Click Commerce. Click Commerce is a provider of on-demand supply chain management solutions. The company works with clients such as Alaska Airlines, BASF, Citibank, Delphi, Eastman Kodak Company, Jabil Global Services, Lockheed Martin, Microsoft, Pier 1, Ryder and Verizon to coordinate and optimize business processes, accelerate revenue, lower costs and improve customer service.
ITW will acquire the remaining shares of Click Commerce through a merger in which each share of Click Commerce common stock will be converted into the right to receive $22.75 in cash, the same consideration paid for shares in the tender offer, subject to dissenters’ rights.
For more information about ITW, go to: http://www.itw.com