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Illinois Tool Works (ITW) says it has reached an agreement with activist money manager...

Illinois Tool Works (ITW) says it has reached an agreement with activist money manager Relational Investors, which owns 2.1% of ITW's shares, that will allow Relational co-founder David H. Batchedler to join its board following its 2012 annual meeting. Relational has targeted a number of different companies in recent years.
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