Emerson Provides Update to Pentair Valves & Controls Acquisition
April 04 2017 - 8:00AM
Business Wire
Emerson has a clear understanding of what is required to receive
the final regulatory approvals from the U.S. Federal Trade
Commission and the Mexican Federal Economic Competition Commission
for completion of the acquisition of Pentair's Valves &
Controls business.
In response, we have already entered into an agreement subject
to Federal Trade Commission approval to divest a business within
Pentair's Valves & Controls business which is not material to
the underlying objectives with which we entered into the
acquisition. Thus, we are very optimistic that we will receive
final regulatory approval and be able to close by the end of
April.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA),
is a global technology and engineering company providing innovative
solutions for customers in industrial, commercial, and residential
markets. Our Emerson Automation Solutions business helps process,
hybrid, and discrete manufacturers maximize production, protect
personnel and the environment while optimizing their energy and
operating costs. Our Emerson Commercial and Residential Solutions
business helps ensure human comfort and health, protect food
quality and safety, advance energy efficiency, and create
sustainable infrastructure. For more information visit
Emerson.com.
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly
historical may be “forward-looking” statements, which involve risks
and uncertainties, and Emerson undertakes no obligation to update
any such statements to reflect later developments. These risks and
uncertainties include economic and currency conditions, market
demand, pricing, protection of intellectual property, and
competitive and technological factors, among others, as set forth
in the Company's most recent Annual Report on Form 10-K and
subsequent reports filed with the SEC.
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For EmersonMark Polzin, 314-982-1758
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