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Emerson Electric Co

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  • Dec 15- Emerson Electric Co said it would sell its power transmission unit to Regal Beloit Corp, a maker of electric motors, for $1.44 billion as it streamlines its business. Regal Beloit's shares rose 6 percent premarket on Monday on the deal, the company's biggest acquisition. Regal Beloit was competing with ball bearings maker Timken Co, brake and clutch maker...

  • Dec 15- Emerson Electric Co said it would sell its power transmission business to Regal Beloit Corp, a maker of electric motors, for $1.44 billion. The deal comprises $1.4 billion in cash and assumption of certain post-retirement liabilities, Emerson said. The unit had revenue of more than $600 million in 2014 and employed more than 3,000 people, the company said.

  • Two manufacturers with significant exposure to oil markets, General Electric Co and Honeywell International Inc, said in interviews they did not see any short-term impact, but that sustained lower prices could alter the picture. They include Emerson Electric Co, which sells equipment such as valves, as well as automation software and services to help manage...

  • NEW YORK, Aug 13- Emerson Electric Co has tapped Goldman Sachs Group Inc to sell its power transmission solutions business in a deal that could be worth more than $1 billion, people familiar with the matter said. A spokesman did not immediately respond to a request for comment, while Goldman Sachs declined to comment.

  • Aug 5- Emerson Electric Co posted lower-than-expected quarterly profit and sales on Tuesday, pointing to "persisting economic challenges," and said its full-year results would come in at the low end of its projections. Shares of the U.S. automation and power supply systems maker slipped 1.4 percent to $63.07 in morning trade on the New York Stock Exchange.

  • Aug 5- Emerson Electric Co, a automation and power supply systems maker, reported a higher quarterly profit, helped by a rise in sales in North America. Net earnings attributable to common shareholders rose to $728 million, or $1.03 per share, in the third quarter ended June 30, from $194 million, or 27 cents per share, a year earlier.

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