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Blackstone Eyes Emerson Electric's Commercial & Residential Solutions Assets: Report

Blackstone Eyes Emerson Electric's Commercial & Residential Solutions Assets: Report

Blackstone关注艾默生电气的商业和住宅解决方案资产：报告
Benzinga Real-time News ·  2022/10/05 07:14
  • Emerson Electric Co (NYSE:EMR) is in talks with Blackstone Inc (NYSE:BX) to divest a part of its commercial and residential solutions business.
  • The deal could be valued between $5 billion and $10 billion, but the talks are not conclusive, Bloomberg reported.
  • The move comes after a COVID-19 pandemic fueled a housing boom in the U.S., which saw home prices skyrocket. The recent inflationary environment, along with rising interest rates, had begun to cool down the sector.
  • Tightening credit markets and slowing economic growth keep away many takeover deals as companies have become averse to risk.
  • Earlier in 2022, Emerson merged its industrial software business with Aspen Technology Inc (NASDAQ:AZPN).
  • In August, the company sold its InSinkErator business to Whirlpool Corp (NYSE:WHR) for $3 billion.
  • Emerson reported a 7% rise in Q3 revenue to $5 billion.
  • Price Action: EMR shares are trading higher by 2.24% at $80.00 in premarket on the last check Wednesday.
  • 艾默生电气公司(纽约证券交易所股票代码：EMR)正在与黑石公司(纽约证券交易所代码：BX)剥离其部分商业和住宅解决方案业务。
  • 据彭博社报道，这笔交易的价值可能在50亿至100亿美元之间，但谈判并不是决定性的。
  • 在此之前，新冠肺炎疫情在美国引发了房地产热潮，房价飙升。最近的通胀环境，以及不断上升的利率，已经开始给该行业降温。
  • 信贷市场收紧和经济增长放缓阻止了许多收购交易，因为企业已经变得厌恶风险。
  • 2022年早些时候，艾默生将其工业软件业务与Aspen Technology Inc.(纳斯达克：AZPN)。
  • 今年8月，该公司将其InSinkErator业务出售给惠而浦公司(纽约证券交易所代码：WHR)30亿美元。
  • 艾默生报告第三季度营收增长7%，至50亿美元。
  • 价格行动：在周三的最后一次检查中，EMR的股价在盘前上涨了2.24%，达到80.00美元。
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