Tyco International (NYSE: TYC) has agreed to merge its Flow Control business with Pentair Inc. (NYSE: PNR), in a deal that valued Tyco Flow at approximately $4.9 billion. Tyco shareholders would own approximately 52.5% of the combined business, which is expected to have $7.7 billion in pro forma 2012 revenue. www.tyco.com
Mark Walter, CEO of Guggenheim Partners, has agreed to buy the Los Angeles Dodgers baseball club from Frank McCourt for approximately $2 billion. Walter’s investor group also includes Magic Johnson, Stan Kasten and certain senior members of Guggenheim Partners.
Continental Resources (NYSE: CLR) has agreed to acquire the assets of Wheatland Oil Inc., an E&P company focused on the Bakken basin, for $340 million. www.contres.com
Foxconn, a Chinese electronics manufacturer, has agreed to acquire a 9.9% stake in Sharp Corp. and a 46.5% stake in Sharp Display Products Corp. (Sharp’s flat-panel joint venture with Sony). The combined investment is valued at around $1.6 billion.
Hitachi has approached Italy’s Finmeccanica about buying select rail assets, according to Reuters.
Capvis, a Swiss private equity firm, is seeking to sell its 52% stake in German kitchenware maker WMF, according to Reuters. The deal could take the form of a public flotation.
FSN Capital has agreed to sell VIA Travel, a travel management company in the Nordics, to a unit ofExpedia Inc. (Nasdaq: EXPE). No financial terms were disclosed. www.viatravelgroup.com
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