Tagged PNR


Pentair Spinoff nVent to Trade May 1

LONDON, United Kingdom – April 3, 2018 – Pentair plc (NYSE: PNR) (“Pentair”) today announced its board of directors has approved the previously announced spin-off of its Electrical business.  The transaction will result in two independent, publicly traded companies: Pentair plc and nVent Electric plc (“nVent”).  nVent ordinary shares are expected to begin trading on the…


Pentair to Split Into Two

LONDON, May 9, 2017 /PRNewswire/ — Pentair plc (NYSE: PNR) (“Pentair”) today announced that its Board of Directors has unanimously approved a plan to separate into two independent, publicly-traded companies. Both companies will benefit from market-leading positions in their respective industries, well-recognized brands, attractive margin profiles, strong free cash flow generation and compelling growth opportunities….

Trian Discloses Activist Position in Pentair

Item 4. Purpose of Transaction The Trian Group acquired the Shares because they believed that the Shares, when purchased, were undervalued in the marketplace and represented an attractive investment opportunity.  The Trian Group has met and engaged in constructive discussions with members of the Issuer’s senior management team, including  Randall J. Hogan, Chairman and Chief Executive Officer…