WASHINGTON, April 28 The U.S. Federal Trade
Commission gave its blessing to Emerson Electric Co's
acquisition of industrial valve manufacturer Pentair PLC
on condition that it sells Pentair's switchbox business to Crane
The requirement was aimed at easing competitive concerns.
The FTC said Emerson, a factory automation equipment maker, and
Pentair together control 60 percent of the U.S. switchbox
The agreement is subject to a 30-day comment period, after
which the FTC said it would decided whether to make the proposed
consent order final.
(Reporting by Eric Walsh and Tim Ahmann)