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MINNEAPOLIS - Pentair Inc. said Wednesday it is considering a joint venture with GE Water & Process Technologies that would combine the companies' water softener and residential water filtration businesses.
Under the plan currently in negotiations, Pentair would own 80 percent of the joint venture and GE Water & Process Technologies would own 20 percent.
Pentair, which makes products for moving, treating and storing water, said it does not expect significant cash will be required by either company to form the joint venture.
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