Pentair Ltd. PNR today announced that its sole shareholder prior to the spin-off, Tyco
International Ltd. (Tyco), has authorized Pentair Ltd. to pay a cash dividend
of $0.22 per share on November 9, 2012 to shareholders of record on October
26, 2012. Prior to the spin off, the Pentair Ltd. board also authorized an
initial stock repurchase program consistent with the March, 2012 merger
announcement of $400 million to commence immediately on October 1, 2012.
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