Emerson to sell Network Power to Platinum Equity for $4 Bn

Emerson today announced an agreement to sell Network Power to Platinum Equity and a group of co-investors for $4 billion.

It will retain a subordinated interest in Network Power and the sale 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, Emerson...Read More

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