The deal, expected to be announced on Monday, would give Blackstone a 55% stake in the unit, the newspaper said citing executives.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Sherry Jacob-Phillips)
(Reuters) - Emerson Electric Co is selling a majority stake in its climate-technologies business to Blackstone Inc in a deal that would value the unit at $14 billion including debt, the Wall Street Journal reported on Monday.
The deal, expected to be announced on Monday, would give Blackstone a 55% stake in the unit, the newspaper said citing executives.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Sherry Jacob-Phillips)
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114.5 USD | +0.17% | +1.63% | 65.41B | ||
130.6 USD | +3.67% | +8.74% | 95.63B | ||