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Wednesday, 08/15/2012 5:00:53 PM

Wednesday, August 15, 2012 5:00:53 PM

Post# of 48
2:36 PM 13-F filings show Activist investor Ralph Whitworth's Relational Investors doubled down on Illinois Tool Works (ITW +0.6%) during the second quarter after reaching a “cooperation agreement” with the tool manufacturer in January. The fund bought 6.8M shares from April 1 through June 30, bringing its total investment to 14.6M shares, a 3% stake. Relational started accumulating shares of ITW as far back as mid-2011, and reached a deal with the company last January that gave it the option to appoint one its principals, David Batchelder, to its board in 2013.

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