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AIT > SEC Filings for AIT > Form 8-K on 2-Jul-2014All Recent SEC Filings

Show all filings for APPLIED INDUSTRIAL TECHNOLOGIES INC

Form 8-K for APPLIED INDUSTRIAL TECHNOLOGIES INC


2-Jul-2014

Completion of Acquisition or Disposition of Assets


ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
On July 1, 2014, Applied Industrial Technologies, Inc. ("Applied") completed its previously announced acquisition of all of the issued and outstanding shares of Knox Oil Field Supply, Inc. ("Knox").

Applied acquired all of the issued and outstanding shares of Knox from Alex Dan Knox and Dayton Scott Knox for an aggregate purchase price of $132.82 million, comprised of $118.82 million in cash paid at closing and $14.0 million in escrowed funds.

The cash portion of the purchase price was funded with financing through a $120 million fixed-rate private placement facility.

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