share_log

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

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

Blackstone關注艾默生電氣的商業和住宅解決方案資產：報告
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.
  • 艾默生電氣公司(紐約證券交易所股票代碼：EMR)正在與黑石公司(紐約證券交易所代碼：BX)剝離其部分商業和住宅解決方案業務。
  • 據彭博社報道，這筆交易的價值可能在50億至100億美元之間，但談判並不是決定性的。
  • 在此之前，新冠肺炎疫情在美國引發了房地產熱潮，房價飆升。最近的通脹環境，以及不斷上升的利率，已經開始給該行業降温。
  • 信貸市場收緊和經濟增長放緩阻止了許多收購交易，因為企業已經變得厭惡風險。
  • 2022年早些時候，艾默生將其工業軟件業務與Aspen Technology Inc.(納斯達克：AZPN)。
  • 今年8月，該公司將其InSinkErator業務出售給惠而浦公司(紐約證券交易所代碼：WHR)30億美元。
  • 艾默生報告第三季度營收增長7%，至50億美元。
  • 價格行動：在週三的最後一次檢查中，EMR的股價在盤前上漲了2.24%，達到80.00美元。
声明：本內容僅用作提供資訊及教育之目的，不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論