logo
Share SHARE
FONT-SIZE Plus   Neg

Pentair Announces Early Termination Of HSR Act Waiting Period

Pentair, Inc. (PNR) said Wednesday that it has received notification of early termination of the U.S. antitrust waiting period in connection with the proposed deal to combine the flow control business of Tyco International Ltd. (TYC) with Pentair in a tax-free, all-stock merger.

The deal was announced last month.

The expiration of the HSR Act waiting period satisfies one of the conditions to closing of the merger, which remains subject to approval of the spin-off by Tyco shareholders, the approval of the merger by Pentair shareholders, foreign regulatory approvals and other customary closing conditions.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S.
comments powered by Disqus
RELATED NEWS
Trade PNR now with 
Follow RTT