Cravath, Foley Help Pentair In $10B Combo With Tyco Unit

Law360, New York (March 28, 2012, 6:46 PM EDT) -- Pentair Inc. and Tyco International Ltd.'s flow control division will form a leading global water solutions and filtration company under Minneapolis-based Pentair's name in a $10 billion all-stock merger, Tyco announced Wednesday.

The tax-free deal, expected to rake in $7.7 billion in revenue this year, values valve manufacturer Tyco Flow at $4.9 billion, Tyco said. The transaction received unanimous approval from both company's boards of directors, Tyco said, adding that the merger was expected to be finalized by the end of September.

Tyco shareholders will own...
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