https://www.wsj.com/articles/blackstone-emerson-electric-strike-14-billion-buyout-deal-11667188861?siteid=yhoof2
6 replies (most recent on top)
I would expect the talk about reorganization plans for Automation Solutions to start soon as well.
LK and RK wanted one big sale. Or they would have sold off the less desirable parts. That was proposed some time ago and rejected.
Guessing here, but Blackstone will probably keep profitable units and sell the rest. Assuming LK wanted one big sale rather than a lot of smaller sales.
Does Blackstone keep anything together or just sell off assets?
Debt financed LBO. Oh...it will be at least 10% less employed within 2 years.
Glad it’s done. Can’t be worse than being part of EMR.