D.e. shaw pushes for break-up of emerson electric

On october 15, 2019, d.e. shaw & co., l.p. announced that it has called for emerson electric co. to split itself into 2 separate businesses, arguing that the move could unlock more than $20 billion worth of shareholder value. d.e. shaw stated that the company's stock was undervalued and it should split into a pure play industrial automation business and a climate technology-focused firm. d.e. shaw also stated that the company has the potential to reduce its costs by $1 billion annually and needs to align its executive compensation with shareholder returns. in response, the company stated that it would carefully evaluate d.e. shaw’s proposals as it continues to assess value-creation opportunities.
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