NEW PRODUCTS St. Jude Medical, Little Canada, has received European CE Mark approval for its 23 mm Portico Transcatheter Aortic Heart Valve and Transfemoral Delivery System. The system is designed for cardiac patients considered to be inoperable or high risk for conventional open-heart valve replacement surgery.
DEBT AND EQUITIES Pentair Ltd., Golden Valley, said that its wholly owned subsidiary, Pentair Finance S.A., intends to sell senior notes in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 and in offshore transactions pursuant to Regulation S under the Securities Act. The notes will be unsecured and will be guaranteed as to payment of principal and interest by Pentair Ltd. Pentair Finance intends to use the net proceeds from the sale of the notes to repay commercial paper as it becomes due and for general corporate purposes.
PERSONNEL Polaris Industries Inc., Medina, appointed Brian Cornell, chief executive officer of PepsiCo Americas Foods, to the company's board of directors.
