secwatch.observer — SEC 8-K summary
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Issuer:     EMERSON ELECTRIC CO (EMR)
CIK:        0000032604
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0000950103-24-008002
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Emerson to sell 40% Copeland stake to Blackstone for $1.5B cash; plus $1.9B note repurchase
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- Emerson to sell its 40% common equity interest in Copeland JV to Blackstone affiliate for $1.5B in cash.
- Emerson also to receive $1.9B from repurchase of seller notes issued by Copeland subsidiary.
- Closings are not required simultaneously; subject to regulatory approvals and other conditions.
- Either party may terminate one or both agreements if closings not completed by Dec 31, 2024.
- Total proceeds of ~$3.4B; Emerson's equity in Copeland reduced to zero.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/32604/000095010324008002/0000950103-24-008002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/32604/000095010324008002/dp212498_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-008002

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