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Pentair Ltd enters into merger agreement with Pentair plc - Form 8-K


Tuesday, 10 Dec 2013 07:47am EST 

Pentair Ltd:Says that on Dec. 10, 2013, the company entered into a merger agreement with Pentair plc, a newly-formed Irish public limited company and subsidiary of Pentair (Pentair-Ireland).Says under the merger agreement, and subject to the conditions set forth in the merger agreement, Pentair will merge with and into Pentair-Ireland, with Pentair-Ireland being the surviving company.Says Pentair shareholders will receive one ordinary share of Pentair-Ireland for each common share of Pentair held immediately prior to the merger.Says upon completion of the merger, Pentair-Ireland intends to manage its affairs so that it is centrally managed and controlled in the United Kingdom.Says therefore have its tax residency in the U.K. Pentair-Ireland will continue to own and conduct the same businesses as Pentair owned and conducted prior to the merger, except that Pentair-Ireland will replace Pentair as the publicly-traded parent company.Says that Pentair-Ireland will remain subject to U.S. Securities and Exchange Commission (SEC) reporting requirements and the applicable corporate governance rules of the New York Stock Exchange. 

Company Quote

66.61
1.57 +2.41%
19 Dec 2014