© 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 is selling a majority stake in its climate-technologies business to Blackstone (NYSE:) Inc in a deal that would value the unit at $14 billion including debt, the Wall Street Journal reported on Monday.
The deal, expected to be announced on Monday, would give Blackstone a 55% stake in the unit, the newspaper said citing executives.
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