Glenview-based Illinois Tool Works Inc., whose $27-a-sharetakeover bid for Rockford-based Elco Industries Inc. was snubbed lastweek, said today it plans to nominate three new Elco directors whowould support the merger.
Illinois Tool, which makes engineered parts and industrialsystems, will demand a list of Elco's stockholders so it can solicitsupport for its offer. The three new directors would constitute athird of Elco's …
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