FTC Imposes Conditions on Acquisition of Industrial Valve Manufacturer Pentair plc by Emerson Electric Co.

Industrial valve manufacturer Emerson Electric Co. has agreed to sell the switchbox business of Pentair plc to Stamford, Conn.-based Crane Co. in order to settle Federal Trade Commission charges that Emerson’s proposed $3.15 billion acquisition of Pentair would violate federal antitrust law. Emerson and Pentair are manufacturers of industrial valves and control products, including switchboxes, […]