© Reuters. FILE PHOTO: Emerson Electric Co is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid
(Reuters) – Emerson (NYSE:) Electric Co said on Monday it would sell a majority stake in its climate technologies business to buyout giant Blackstone (NYSE:) Inc in deal that values the unit at $14 billion, as it looks to streamline operations and intensify its focus in automation.
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