WebOct 31, 2024 · Emerson Electric Co (NYSE: EMR) is selling a majority stake in its climate-technologies business to Blackstone Inc (NYSE: BX ), valuing the unit at $14 billion, including debt. The deal could mark ... WebEmerson will receive upfront, pre-tax cash proceeds of approximately $9.5 billion and a note of $2.25 billion at close and retain 45% common equity ownership of the standalone Climate Technologies business, which will be structured as a joint venture between Emerson and Blackstone, until its potential sale or IPO.
Emerson Electric (EMR) paid up for National Instruments (NATI)
Web1 day ago · Emerson already owned 2.3 million shares or about 2% of National Instruments. Using the weighted price for prior transactions, the effective acquisition price it will pay for the deal is $59.61 ... WebOct 31, 2024 · Emerson Electric and Blackstone, following the announcement that Emerson is going to be selling a majority stake in its climate technologies business to Blackstone for $14 billion. According to "The Wall Street Journal," the deal is going to give Blackstone a 55% stake in the unit that will be structured as a joint venture between the … nursing homes in trenton
Emerson sells Copeland in $14 billion deal - Climate Control News
WebNov 1, 2024 · Simpson Thacher & Bartlett is advising Blackstone Inc. on the private equity firm’s agreement to buy a controlling stake in Emerson Electric Co.’s climate technologies unit. Davis Polk & Wardwell is advising St. Louis-based Emerson in the deal, which values the climate business at about $14 billion and is expected to close in 2024’s first ... WebOct 31, 2024 · ST. LOUIS & NEW YORK, October 31, 2024--Emerson (NYSE: EMR) today announced a definitive agreement under which it will sell a majority stake in its Climate Technologies1 business to private equity funds managed by Blackstone ("Blackstone") in a transaction valuing Climate Technologies at $14.0 billion. Emerson will receive … WebOct 4, 2024 · Emerson Electric (EMR) is in talks with Blackstone (BX) to sell at least part of its commercial and residential solutions business in a deal that could be valued at $5B-$10B,... nlc waste and recycling