Pentair Shareholders Stand Behind $4.6B Tyco Unit Merger

Law360, New York (September 14, 2012, 4:58 PM EDT) -- Water filter and pump manufacturer Pentair Inc. on Friday said a majority of its shareholders had voted to approve a $4.6 billion merger with the water flow control unit of Tyco International Ltd.

At a special meeting Friday, holders of about 99 percent of Pentair's common stock voted in favor of the merger with Tyco Flow Control, representing about 85 percent of the shares entitled to vote, though the massive deal is still subject to approval by Tyco's stockholders, Pentair said.

The deal, announced in March,...
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