Emerson is going on with Pentair acquisition approval

Courtesy of glassdoor.com

Courtesy of glassdoor.com

Emerson has stated to have 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, according to a company’s press release.
In compliance with the regulatory instructions, Emerson decided to enter 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 the American company entered into the acquisition. Emerson declared to be very optimistic that the final regulatory approval will be a straightforward green light and be able to close by the end of April.