Emerson announces sale of remaining interests in copeland to blackstone

Transaction represents important simplification milestone in emerson's portfolio transformation st. louis and new york , june 6, 2024 /prnewswire/ -- emerson (nyse: emr) announced today that it has entered into a definitive agreement to sell its remaining interests in the copeland joint venture (formerly emerson climate technologies) for a transaction value of approximately $3.5 billion, with pre-tax cash proceeds of $3.4 billion, net of the release of $0.1 billion of future indemnity obligations.
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