Emerson Electric (EMR) Misses Q3 EPS by 4c
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August 3, 2016 6:47 AM EDT
CLSA downgraded Emerson (NYSE: EMR) from Underperform to Sell.
For an analyst ratings summary and ratings history on Emerson click here. For more ratings news on Emerson click here.
Shares of Emerson closed at $53.03 yesterday.
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August 2, 2016 6:36 AM EDT
Emerson (NYSE: EMR) announced that it has agreed to sell its Leroy-Somer and Control Techniques business units to Nidec Corporation. The transaction is valued at $1.2 billion and is expected to close by December 31, 2016, subject to regulatory approvals. The proceeds will strengthen Emersons balance sheet providing increased capacity for strategic investment.
The Leroy-Somer and Control Techniques management teams and product leadership positions will... More
August 2, 2016 6:32 AM EDT
Emerson (NYSE: EMR) announced an agreement to sell Network Power to Platinum Equity and a group of co-investors. The transaction is valued at $4 billion and Emerson will retain a subordinated interest in Network Power. The sale of Network Power is expected to close by December 31, 2016, subject to customary regulatory approvals.
This agreement marks a major milestone in the strategic portfolio repositioning we announced last June, said David N. Farr, Chairman and Chief Executive Officer of Emerson. By selling Network Power to Platinum Equity, we have achieved a successful result for our shareholders as... More
