FTC conditionally clears Emerson's $3.15 billion Pentair deal with Westlock divestiture to Crane

The US FTC gave conditional approval for Emerson's proposed $3.15 billion acquisition of Pentair plc under a proposed consent order requiring Emerson to divest Westlock Controls Corporation to Crane Co. The divestiture addresses combined switchbox market share of about 60%.

“Under the terms of the proposed consent order, within 10 days after Emerson acquires Pentair, Emerson must divest Westlock Controls Corporation to Crane.”vitallaw.com

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• vitallaw.comACQUISITIONS & MERGERS NEWS: FTC... | VitalLaw.comApr 28, 2017

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