Tag Archives: Pentair

Pentair’s nVent Electric Spinoff To Join S&P Midcap 400 Today

Pentair’s (PNR) completed the spinoff of its electrical business, nVent Electric (NVT), after the close yesterday. The new company will commence trading on the NYSE today and shareholders should have received one share of NVT for every PNR share owned. Pentair CEO John Stauch wished his colleagues at nVent much ‘success’ and believes Pentair is now ‘well positioned… Read More »

Pent Up No More: Pentair Spin Off Of nVent Set For April 30

Last year, we discussed Pentair’s(PNR) spin off of nVent(NVT) and commented on how much the strange capitalization was likely to add to the value. With the spinoff now set for the end of the month, it turns out that Pentair gave nVent more than just a bad name. As we had speculated, nVent borrowed $1 billion and will… Read More »

nVenting About Pentair’s Electrical Spinoff

Every schoolchild is aware of the dangers of mixing water and electricity. Perhaps with this in mind, Pentair(PNR) will be spinning off its Electric division and retaining its Flow Control division. As every spinoff needs a gut-wrenchingly bad name with an even worse explanation of its meaning, the new company will be known as nVent Electric. Why? Beth… Read More »

The End Of A Conglomerate – ADT & Tyco International Both Scooped Up

Grab a tissue and say farewell to the Tyco (TYC) name. The former high flying conglomerate has a complicated history full of acquisitions (lots of those), strategy shifts, scandal ($6,000 shower curtains!) and of course, a lot of spinoffs. Current DuPont (DD) CEO Ed Breen smashed the company apart not once, but twice, creating three entities in both… Read More »

Fitch Assigns ‘BBB+’ Credit Rating With Stable Outlook To Recent Tyco Spin, ADT

ADT(ADT) is home, even when you’re not, and Fitch thinks they’re reasonably likely to pay back any money you might lend them.  The home security giant, which was spun off from Tyco(TYC) on September 28, has strong free cash flow and market share and is easily able to service its significant debt. Said Fitch: ADT’s ratings and Outlook… Read More »

Tyco Ready To Split

Well, it’s official now as Tyco’s (TYC) shareholders approved the latest dismemberment of the former conglomerate earlier this week. I’m still waiting for a shareholder surprise veto to take place…now that would be something. Anyways…continuing its long history of spins, Tyco will distribute its North American ADT business and its flow control business on September 28th to shareholders… Read More »