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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Pentair Inc | NYSE:PNR | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.76 | 0.96% | 79.61 | 80.77 | 79.485 | 79.91 | 1,639,365 | 01:00:00 |
From May 2019 to May 2024
By Josh Beckerman
Emerson Electric Co. reached a deal to buy Pentair PLC's valves-and-controls unit for $3.15 billion, part of a strategy to expand its automation offerings.
The Schaffhausen, Switzerland, business has nearly 7,500 employees and serves sectors including chemicals, energy, power and mining.
The Wall Street Journal reported in June that Pentair was working with Citigroup Inc. on a possible sale of the business, potentially for more than $2 billion. The business was acquired as part of a $4.5 billion deal with Tyco International Ltd. in 2012.
The deal is expected to close in four to six months.
Shares of the companies were inactive after hours.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
August 18, 2016 17:14 ET (21:14 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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