Emerson to sell network power division for $4B

Posted online August 2, 2016 | 11:33 am

Emerson Electric Co. will sell its network power division to Platinum Equity and other investors in a deal valued at $4 billion.

The St. Louis company said the network power sale is expected to be completed by the end of the year.

Earlier in the day, Emerson agreed to sell its motor and generator business to Nidec Corp. of Japan for $1.2 billion.

Read more from Bloomberg.

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