secwatch.observer — SEC 8-K summary
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Issuer:     PENTAIR plc (PNR)
CIK:        0000077360
Form:       8-K
Filed at:   2022-03-04T23:59:59+00:00
Accession:  0000077360-22-000008
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pentair to acquire Manitowoc Ice from Welbilt for $1.6B; expects Q2 2022 close
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- Purchase price $1.6B ($1.38B net of ~$220M tax benefits) in cash; funded via new debt with commitment from JPMorgan.
- Manitowoc Ice 2021 revenue $308M, EBITDA margins ~30%, employs 800+; installed base ~1M units.
- Expected adjusted EPS accretion of ~$0.25 in 2023 and ~$0.40 in 2025; accretive in 2022.
- Pentair reiterates 2022 GAAP EPS guidance $3.54-$3.64 and adjusted $3.70-$3.80, excluding Manitowoc.
- Transaction subject to regulatory approvals; expected close Q2 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77360/000007736022000008/0000077360-22-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77360/000007736022000008/pnr-20220302.htm
  HTML page:      https://secwatch.observer/filing/0000077360-22-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer