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Divestiture Aug 2016 Verified

Emerson divests Network Power, Leroy-Somer, Control Techniques for $5.2B

Emerson recently announced divestitures of Network Power, Leroy-Somer, and Control Techniques totaling $5.2 billion as part of a strategic repositioning begun in June 2015.

“This transaction follows Emerson’s recently announced divestitures of Network Power, Leroy-Somer, and Control Techniques for a total of $5.2 billion as part of the company’s overall strategic repositioning that was initiated in June 2015.”

Entities

Control Techniques · Subsidiary Emerson · Parent Leroy-Somer · Subsidiary Network Power · Subsidiary
Other
Source: www.achrnews.com

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.