Staying Informed

Emerson taps Goldman for $1 billion-plus power unit sale -sources

Emerson Electric Co has tapped Goldman Sachs Group Inc to sell its power transmission solutions business in a deal that could be worth more than $1 billion, people familiar with the matter said. The industrial conglomerate is preparing for an auction in the fall and is in the early stages of contacting potential buyers, including other industrial companies and buyout firms, the people said on ...


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