Introduction
Pentair (NYSE:PNR), a leader in the diversified industrials market, recently entered into a series of transactions that has narrowed down its portfolio of business segments. In August of 2016, it announced its intent to sell its Valves & Controls business – notably its largest segment and biggest foray into the oil and gas market – to Emerson Electric (NYSE:EMR). Later, the company announced its proposed spinoff of its Technical Systems (TS) segment, or “Electric”, leaving the parent company with its two segments, Water Quality Systems (WQS) and Flow/Filtration Systems (FFS), as “Water”.
Previously, PNR has been prone to changes in the oil and gas market, and this exposure contributed materially to its stock price decli…
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