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Deals Rumor Mill: Emerson, Rhone, Summit

By Benjamin Horney (August 13, 2014, 5:48 PM EDT) -- Missouri's Emerson Electric Co. has reportedly reached out to Goldman Sachs Group Inc. to aid it in selling its power transmission solutions unit in a deal that could net the company more than $1 billion, Reuters said Wednesday. The industrial manufacturer is said to be gearing up for an auction come autumn and has already begun to talk to prospective bidders, Reuters said. Emerson said in June that it was considering its options with regards to the power transmission solutions unit....

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