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News Breaks
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October 27, 2009
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| 11:21 EDT |  | PNR |
| theflyonthewall.com: | Master Trust plans to reduce Pentair stake | | The Trust Investment Committee of the Pentair Master Trust, which holds assets of various pension plans sponsored by the company, has entered into a prearranged stock trading plan to sell a portion of the company stock held by the Master Trust for the purpose of achieving the targeted fixed income and equity allocations previously identified in the company’s 2008 Form 10-K. The Master Trust currently holds 943,140 shares of company stock for the company’s pension plans. The stock trading plan is effective until such time as the company stock held by the Master Trust is reduced to 500,000 shares, an amount which is expected to be approximately five percent of the aggregate Master Trust assets :theflyonthewall.com |
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