Emerson expects Pentair purchase by end of April

|About: Emerson Electric Co. (EMR)|By:, SA News Editor

Emerson (NYSE:EMR) says it understands what's required to receive final regulatory approvals from the FTC and Mexican Federal Economic Competition Commission to complete its acquisition of Pentair's (NYSE:PNR) Valves & Controls business.

The company has already entered into an agreement to divest a business within the Pentair unit which is not material to the underlying objectives surrounding the acquisition.