Blackstone to take control of Emerson's climate tech in $14 billion deal

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US industrial firm pivots to supplying to a booming automation market.

Blackstone to take control of Emerson's climate tech in $14 billion deal
Emerson Electric will sell a majority stake in its climate technologies unit to Blackstone Inc in a deal that values the business at US$14 billion, as the US industrial firm pivots to supplying to a booming automation market. The company will receive an upfront payment of about $9.5 billion, it ...

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