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D.E. Shaw Takes Emerson Electric Stake, Pushes for Split

  • Activist is said to potentially push for share buyback
  • Company’s shares have fallen 14% over the past 12 months
Emerson Electric Co. Rigid Tool brand power tools.

Emerson Electric Co. Rigid Tool brand power tools.

Photographer: Mark Kauzlarich/Bloomberg
Updated on

Hedge fund D.E. Shaw has built a stake in Emerson Electric Co. and plans to push for a breakup of the automation-equipment maker, according to people familiar with the matter.

The New York-based firm also may push for the company to consider taking on additional debt to fund a buyback of around $7 billion of its shares, said the people, who asked to not be identified because the matter isn’t public.