REUTERS reports:
Emerson Electric Co (EMR.N) is in talks with U.S. buyout firm Blackstone Inc (BLK.N) to sell a part of its commercial and residential solution business assets, Bloomberg News reported on Tuesday citing people familiar with the matter.
The deal, that could be valued between $5 billion and $10 billion, would depend upon how much of the portfolio changes hands, the report said, adding that no final decision has been made and the discussions could fall through.
Blackstone …
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