UPDATE: Blackstone (BX) in talks to acquire Emerson Electric (EMR) assets for $5B-$10B - Bloomberg
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Emerson Electric's (EMR) Potential C&RS Divestiture Seen Buoying Sentiment
October 5, 2022 12:15 PM EDTShares of Emerson Electric (NYSE: EMR) are up 1.3% in mid-day trading Wednesday following reports overnight from Bloomberg News that the company is in talks with private equity firm Blackstone (NYSE: BX) to sell at least a part of its commercial and residential solutions business for between $5-$10 billion.
If a deal happens,... More
