Emerson Divests Climate Technologies Business to Blackstone

Emerson divested its Climate Technologies division, receiving $9.7 billion in upfront cash and retaining a 40% non-controlling equity interest.

“Emerson Receives Approximately $9.7 Billion in Upfront, Pre-Tax Cash Proceeds and $2.25 Billion Seller’s Note; Retains 40% Common Equity Ownership”

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