Pentair Inc said it has filedfor an offering of two mln shares of cumulative convertible
preferred stock at an expected price of 25 dlrs per share
through underwriters led by &lt;Kidder, Peabody and Co Inc > and
&lt;Piper, Jaffray and Hopwood Inc>.
    It said proceeds would be used to repay bank debt incurred
in the acquisition of McNeil Corp last August.
 Reuter
