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Industrial M&A image Industrial M&A » By The Online Investor Staff, updated Sat., May. 30, 8:48 PM Recent mergers and acquisitions in the Industrial M&A category.

Slide #89. Emerson Electric Co. SPX Corporation 44.5% joint venture interest in EGS Electrical Group LLC

Acquirer: Emerson Electric Co. (EMR)
Acquiree: SPX Corporation 44.5% joint venture interest in EGS Electrical Group LLC (SPW)
Details: SPX Corporation (NYSE: SPW) today announced that it has completed the sale of its 44.5% joint venture interest in EGS Electrical Group LLC to Emerson Electric Co. for $574 million. As a result of this sale, SPX expects to record an after-tax gain of at least $300 million, or at least $6.50 per share, in its first quarter results. It also expects to pay cash taxes on the transaction of approximately $225 million, bringing the net, after-tax proceeds to approximately $350 million.

Emerson Electric is a company that brings technology and engineering together to provide solutions for customers in a range of industrial, commercial and consumer markets around the world. Co. 's segments are: Automation Solutions, which provides measurement and analytical instrumentation, valves, actuators and regulators, industrial solutions, and process control systems and solutions; Climate Technologies, which provides products and services for residential heating and cooling, commercial air conditioning, commercial and industrial refrigeration, and cold chain management; and Tools and Home Products, which provides tools for personnel and homeowners and appliance solutions.

Emerson Electric SEC Filing Email Alerts Service


Open the EMR Page at The Online Investor »

Emerson Electric is a company that brings technology and engineering together to provide solutions for customers in a range of industrial, commercial and consumer markets around the world. Co. 's segments are: Automation Solutions, which provides measurement and analytical instrumentation, valves, actuators and regulators, industrial solutions, and process control systems and solutions; Climate Technologies, which provides products and services for residential heating and cooling, commercial air conditioning, commercial and industrial refrigeration, and cold chain management; and Tools and Home Products, which provides tools for personnel and homeowners and appliance solutions.

Emerson Electric SEC Filing Email Alerts Service


Open the SPW Page at The Online Investor »

Company Name: 
Emerson Electric Co.
Website: 
www.emerson.com
Sector: 
Electronic Equipment & Products
Number of ETFs Holding EMR: 
112
Total Market Value Held by ETFs: 
$4.23B
Total Market Capitalization: 
$36.98B
% of Market Cap. Held by ETFs: 
11.44%
Company Name: 
SPX Corp.
Website: 
www.spx.com
Sector: 
Industrial Machinery & Equipment
 

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