Pentair looking to sell valves-and-controls business: WSJ

June 2, 2016 7:25 PM

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Pentair Plc (PNR.N) is exploring a sale of its valves-and-controls business, the Wall Street Journal reported, citing people familiar with the matter.

The company, which also makes pumps and other water system products, is working with Citigroup Inc (C.N) on a potential sale of the unit, which could fetch more than $2 billion, the Journal reported.

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