Blackstone to buy majority stake in Emerson's Climate Technologies unit

Blackstone agreed to acquire a majority stake in Emerson's climate technologies unit, which makes Copeland compressors, in a deal valuing the business at about $14 billion, with Emerson receiving about $9.5 billion in pretax proceeds and keeping a 45% stake.

“Blackstone Inc. agreed to buy control of Emerson Electric Co.'s climate technologies arm in a deal valuing the business at about $14 billion.”bloomberg.com

• 1 source
• bloomberg.comBlackstone to Buy Emerson’s $14 Billion Climate Tech Unit - BloombergOct 31, 2022

Summarized from public sources; check the original articles before acting on it.