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