Tyco International said it will merge its flow control business with Pentair Inc to create a global filtration products major with $7.7 billion in annual revenue.On completion of the deal, Tyco shareholders will own about 52.5 percent of the combined company while Pentair will hold about 47.5 percent.
Pentair, Inc. (Pentair) is a focused diversified industrial manufacturing company. Shares of PNR remained unchanged at $40.26. In the past year, the shares have traded as low as $29.73 and as high as $42.43. On average, 506342 shares of PNR exchange hands on a given day and today's volume is recorded at 0.
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