UPDATE: Credit Suisse Downgrades Emerson (EMR) to Neutral
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Emerson Signs Agreement to Acquire Valves & Controls Business from Pentair
August 18, 2016 4:30 PM EDTAcquisition aligns with focus on investing in Emersons two core business verticals and growing served markets
ST. LOUIS--(BUSINESS WIRE)-- Emerson (NYSE: EMR) today announced it has signed an agreement to purchase the Valves & Controls business of Pentair (NYSE: PNR) for $3.15 billion. The complementary acquisition establishes Emerson's global presence in control, isolation, pressure relief valves and actuation as part of a larger strategy to build a broader automation portfolio.
This acquisition delivers on our strategic plan of investing in Automation Solutions and in markets where... More
