*Pentair shareholders approved a board of directors recommended proposal to. distribute ordinary cash dividend of $1.00 per share. *This dividends represents an increase of two cents per share per quarter over.
NEW YORK, Dec 10- SPX Corp is in exclusive talks to buy rival Gardner Denver Inc and hopes to finalize a deal by the end of the year, four people familiar with the matter said, in a merger that could create an industrial machinery conglomerate with a market value over $7 billion.