NEW YORK — Diversified manufacturer, Illinois Tool Works Inc. announced its board has authorized the divestiture of its decorative surfaces and industrial software and industrial software businesses, according to Reuters.com. Together, the two operations totaled about 7.5% to 8% of the company’s 2007 revenue, according to Wachovia analyst Andrew Casey. The decorative surfaces segment, which produces laminates, flooring and adhesives, had revenues of $1.2 billion.
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