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Blackstone: Acquisition of Remaining Share in Copeland for $3.5bn Explained

Blackstone has agreed to acquire Emerson’s remaining interests in the Copeland joint venture for $3.5 billion.

Blackstone Headquarters at 345 Park Avenue, New York City. PHOTO: Shutterstock
Blackstone Headquarters at 345 Park Avenue, New York City. PHOTO: Shutterstock

This transaction marks a pivotal step in Emerson’s strategic plan to streamline its portfolio and focus on automation. Emerson will receive $3.4 billion in pre-tax cash proceeds,

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