Breaking News

Lilly First-Quarter Adjusted Earnings 70c per Share, In Line With Estimates
Tweet TWEET

Pentair, Tyco’s Flow-Control Business to Merge

Pentair Inc. (PNR) and Tyco International Ltd. (TYC) reported a definitive agreement to combine Tyco’s Flow Control business with Pentair in a tax-free, all-stock merger.

The transaction values Tyco Flow at about $4.9 billion, including assumed net debt and minority interest.

To contact the editor responsible for this story: Steven Fromm at sfromm@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.