China Clears Pentair (PNR) Merger with Tyco International's Flow Control Business
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Pentair, Inc. (NYSE: PNR) today announced that the Anti-Monopoly Bureau of China's Ministry of Commerce has cleared under the Chinese Anti-Monopoly Law the previously announced proposed transaction to combine the flow control business of Tyco International Ltd. with Pentair in a tax-free, all-stock merger.
With this clearance, all competition law clearances required to close the merger now have been received. The closing of the merger remains subject to customary closing conditions.
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With this clearance, all competition law clearances required to close the merger now have been received. The closing of the merger remains subject to customary closing conditions.
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