According to media reports, Nelson Peltz's Trian Fund Management has taken a 7.24 percent stake in Pentair plc (PNR).
Pentair gapped open sharply higher Monday and advanced further in the early portion of the afternoon. The stock closed up by 4.32 at $68.75 on strong volume. Pentair has been climbing for over a week and surged to a 7-month high.
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