Previously announced plan creates separate publicly traded company, nVent, which will begin trading on NYSE May 1.
Latest In Pentair
Fourth quarter sales increased 6.1 percent year-over-year.
Year-to-date sales down 1.7 percent year-over-year.
Separation expected to occur through a tax-free spin-off.
Fourth quarter sales decreased 7.8 percent year-over-year.
Year-to-date sales up 11.3 percent.
Sale narrows company's focus to three segments.
Dennis Cassidy appointed to role.
Fourth quarter sales decreased 2.3 percent year-over-year.
Year-to-date sales were down 9.8 percent year-over-year.
Profit decreases to $113.9 million for the quarter.
While capacity is high, Pentair will "remain disciplined" about finding deals that make sense.
Profit plummeted 58 percent to $222.9 million.
Company posts net loss of $186 million in third quarter.
