Pentair Inc Shareholders Okay $4.6 Billion Merger With Tyco International Ltd.'s Unit-Reuters

Reuters reported that Pentair Inc's shareholders voted to approve its planned $4.6 billion merger with Tyco International Ltd.'s flow-control unit. The deal is part of a bigger, complicated break-up of Tyco, whose shareholders are expected to approve a three-way split that will create a new publicly-traded company in Tyco's security services arm ADT, while combining Tyco's commercial fire and security arms into a new, smaller Tyco. Former Tyco shareholders will own 52.5% of the new company, which will be called Pentair, and continue to trade under Pentair's 'PNR' symbol on the New York Stock Exchange.