Blackstone in Talks to Buy Emerson Electric Assets
- Buyout firm eyes commercial and residential solutions division
- Deal worth $5 billion to $10 billion depending on structure
Signage outside the Blackstone headquarters in New York.
Photographer: Angus Mordant/BloombergThis article is for subscribers only.
Emerson Electric Co. is in talks with Blackstone Inc. to sell at least part of its commercial and residential solutions business, according to people familiar with the matter.
A deal could be valued at between $5 billion to $10 billion, depending on how much of the portfolio changes hands, said the people, who asked to not be identified because the talks are private. No final decision has been made and discussions could fall through.