Majority stake Announced Mar 2012
Tyco and Pentair Announce Merger of Flow Control Business
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Summary
Tyco International Ltd. announced a definitive merger agreement where its Flow Control subsidiary will merge with Pentair, Inc. in a Reverse Morris Trust transaction. Following a spin-off of Flow Control to Tyco shareholders, Pentair will become a wholly-owned subsidiary of Flow Control, with Pentair shareholders receiving Flow Control shares.