Emerson to divest remaining stake in Copeland for $3.5bn to streamline portfolio

Emerson to divest remaining stake in Copeland for $3.5bn to streamline portfolio

Emerson (NYSE: EMR) has reached a definitive agreement to sell its 40% common equity ownership in the Copeland joint venture, formerly known as Emerson Climate Technologies, for a transaction value of approximately $3.5 billion. This sale includes pre-tax cash proceeds of $3.4 billion, net of the release of $0.1 billion in future indemnity obligations. Private […]