Pentair announces Chinese clearance for merger with Tyco's flow control business Pentair (PNR) announced that the Anti-Monopoly Bureau of China's Ministry of Commerce has cleared under the Chinese Anti-Monopoly Law the previously announced proposed transaction to combine the flow control business of Tyco International (TYC) with Pentair in a tax-free, all-stock merger. With this clearance, all competition law clearances required to close the merger now have been received. The closing of the merger remains subject to customary closing conditions.
News For PNR;TYC From The Last 14 Days
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Tyco announces multi-year Enterprise Framework Agreement with Shell Tyco was awarded an Enterprise Framework Agreement from Shell Global Solutions International to provide fire protection products, engineered systems and lifecycle services for Shell onshore and offshore sites in the Americas, Asia and Australia/New Zealand. As part of the agreement, Tyco has formed a Program Management Office to provide guidance and oversight throughout the installation and service delivery process.