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Stock Market & Financial Investment News

News Breaks
June 27, 2014
07:03 EDTEMREmerson evaluating strategic alternatives for power transmission solutions unit
Emerson announced that it is evaluating strategic alternatives for its Power Transmission Solutions business unit. Emerson continually evaluates the mix and competitive positioning of its businesses to maximize shareholder value, which may include adding or divesting operations. The resulting plans for the business are expected to be determined and announced by the end of the calendar year. Currently part of Emersonís Industrial Automation business, with 2013 revenue of more than $600Mn, the Power Transmission Solutions business is based in Florence, Kentucky and has over 3,000 employees around the world. The business designs and manufacturers market-leading couplings, bearings, conveying components, gearing, drive components, and supporting services and solutions, with brands including Browning, Jaure, Kop-Flex, McGill, Morse, Rollway, SealMaster, and System Plast.
News For EMR From The Last 14 Days
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December 17, 2014
10:02 EDTEMROn The Fly: Analyst Downgrade Summary
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07:45 EDTEMR, EMREmerson downgraded to Underperform from Outperform at CLSA
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December 15, 2014
12:37 EDTEMROn The Fly: Midday Wrap
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07:43 EDTEMRRegal-Beloit to host conference call
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07:05 EDTEMREmerson to sell Power Transmission Solutions unit to Regal-Beloit for $1.44B
Emerson (EMR) announced that it has agreed to sell its Power Transmission Solutions business unit to Regal Beloit Corporation (RBC). The transaction is valued at $1.44B, representing cash proceeds of $1.4B plus assumption of certain postretirement liabilities, and is expected to close in the first calendar quarter of 2015, subject to regulatory approvals. Proceeds will be used for incremental share repurchase in fiscal 2015.
07:03 EDTEMRRegal-Beloit to acquire Emerson PTS business for about $1.4B
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07:01 EDTEMRRegal-Beloit to acquire Emerson PTS business for about $1.4B
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December 14, 2014
14:11 EDTEMREmerson near deal to sell business unit to Regal-Beloit, WSJ says
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December 12, 2014
09:33 EDTEMREmerson downgraded to Hold from Buy at Deutsche Bank
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