3G'S Grinding Higher (GGG)

Shares of Graco Inc. GGG are up sharply today, gaining $1.73 to $44.99, a gain of 4% on heavier than normal volume after the company announced yesterday it would be buying a unit of Illinois Tool Works ITW for $650 million. So far, nearly 600,000 shares have traded today, which is above the 350,000 share average. Graco Inc., together with its subsidiaries, provides fluid handling solutions to manufacturing, processing, construction, and maintenance sectors worldwide.