 Shares of Zurn Water Solutions Group ZWS, -1.97 rose 3.0 in premarket trading Monday, after the Wisconsin-based water control and safety company announced an agreement to acquire privately held Elkay Manufacturing Co. in a all-stock deal valued at nearly 1.6 billion. Under terms of the deal, Elkay shareholders will receive a total of 52.5 million Zurn Water shares, which based on Fridays stock closing price of 29.79 is valued at 1.56 billion. 