Nov 11 (Reuters) - Parker-Hannifin Corp ( PH ):

* PARKER TO ACQUIRE FILTRATION GROUP CORPORATION,

SIGNIFICANTLY

EXPANDING FILTRATION OFFERING AND AFTERMARKET BUSINESS

* PARKER-HANNIFIN CORP ( PH ): PROPOSED DEAL FOR PURCHASE PRICE OF

$9.25

BILLION

* PARKER-HANNIFIN CORP ( PH ) - TO BUY FILTRATION GROUP FOR $9.25

BILLION

* PARKER-HANNIFIN CORP ( PH ) - ESTIMATES $220 MILLION COST

SYNERGIES BY

END OF YEAR THREE AFTER DEAL

* PARKER-HANNIFIN CORP ( PH ): PROPOSED DEAL FOR EXPECTED TO BE

ACCRETIVE

TO ORGANIC GROWTH, SYNERGIZED EBITDA MARGIN, ADJUSTED EPS AND

CASH FLOW

* PARKER-HANNIFIN CORP ( PH ): PURCHASE PRICE IS EXPECTED TO BE

FINANCED

WITH NEW DEBT AND CASH ON HAND

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