Pentair Inc.
 (PNR)

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  • Sep. 21, 2015, 7:13 AM
    • Pentair (NYSE:PNR) has completed the $1.8B acquisition of ERICO Global, a manufacturer of products for electrical, mechanical and civil applications.
    • The transaction is expected to add greater than $0.40 to 2016 adjusted earnings per share and will be funded through a combination of cash and investment grade financing.
    • Previously: Pentair to buy ERICO Global (Aug. 17 2015)
    | Sep. 21, 2015, 7:13 AM
  • Aug. 17, 2015, 7:23 AM
    • Pentair (NYSE:PNR) has agreed to acquire ERICO Global for $1.8B in cash (including debt), valuing the company at 12x 2015 forecasted EBITDA.
    • The transaction is expected to add greater than $0.40 to 2016 adjusted earnings per share and will be funded through a combination of cash and investment grade financing.
    | Aug. 17, 2015, 7:23 AM | 1 Comment
  • Jun. 9, 2015, 8:55 PM
    • GE's $12B deal to sell its U.S. private-equity lending business to Canada Pension Plan Investment Board is just the beginning of its plan to shed ~$200B of GE Capital assets - and a whole lot of cash to spend on takeovers.
    • Although GE may not make a move right away as it tries to complete the $14B purchase of most of Alstom’s energy business, Bloomberg figures it could amass a $40B war chest for takeovers.
    • Among speculated targets: Pentair (NYSE:PNR), a provider of water pumps and filtration systems; Flowserve (NYSE:FLS), a maker of industrial pumps and valves; electrical components manufacturer Hubbell (HUB.A, HUB.B); life sciences equipment maker Bio-Rad Laboratories (NYSE:BIO); and some of the assets Halliburton (NYSE:HAL) and Baker Hughes (NYSE:BHI) will divest as part of their merger.
    • Whatever the target, acquisitions likely will be part of GE’s transformation after asset sales and returning capital to shareholders.
    | Jun. 9, 2015, 8:55 PM | 26 Comments
  • Mar. 28, 2012, 6:15 AM

    Tyco's (TYC) Flow Control unit will merge with Pentair (PNR) in an all-stock deal that values Tyco Flow at ~$4.9B, including debt. (PR)

    | Mar. 28, 2012, 6:15 AM
Company Description
Pentair PLC is a diversified industrial manufacturing company. The Company delivers industry products, services and solutions to its customers' diverse needs in water and other fluids, thermal management and equipment protection.