Pentair (PNR) Gains Ahead of Buying Plans

Pentair PLC PNR shares gained 1.2% to $62.39 as the company said it plans to buy Ohio-based Erico Global Co. for $1.8 billion in cash. Pentair expects the purchase of the privately held maker of engineered electrical and fastening products to close this year. Share volume was 155,000, compared to an all-day average of 389,000