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Home › Emerson to sell power transmission unit for $1.4 billion

 

Emerson to sell power transmission unit for $1.4 billion

2014-12-15 14:02:27| Electronics - Topix.net

Emerson has agreed to sell its Power Transmission Solutions business unit to Wisconsin-based Regal Beloit Corp. in a deal valued at $1.44 billion. Proceeds from the deal, which is expected to close in the first quarter of 2015, will be used to repurchase shares.

Tags: power sell unit transmission

Category:Electronics and Electrical

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