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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

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