Market Update: Emerson Electric (NYSE:EMR) – Emerson to sell power transmission business to Regal Beloit
December 15, 2014 at 08:25 AM EST
[Reuters] – 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 . . . → Read More: Market Update: Emerson Electric (NYSE:EMR) – Emerson to sell power transmission business to Regal Beloit Similar Articles: Stock Update: Duke Energy Corp (NYSE:DUK) – Duke Energy to sell non-regulated Midwest generation business to Dynegy Emerson Electric (NYSE:EMR) – Emerson Declares Dividend Emerson Electric (NYSE:EMR) | Emerson Evaluating Strategic Alternatives for the Power Transmission Solutions Business