Emerson Nabs $1.4B In Sale Of Power Biz To Regal Beloit
By Linda Chiem ( December 15, 2014, 3:03 PM EST) -- Engineering and industrial products giant Emerson Electric Co. said Monday that it will sell its power transmissions business to motors manufacturer Regal Beloit Corp. for $1.4 billion in cash and use the proceeds for an incremental share buyback as it continues restructuring its portfolio....
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