EMR - Emerson Electric in talks to sell assets to Blackstone valued at up to $10B

Emerson Electric ( NYSE: EMR ) is in talks with Blackstone ( NYSE: BX ) to sell at least part of its commercial and residential solutions business in a deal that could be valued at $5B-$10B , Bloomberg reported Tuesday.

Emerson's ( EMR ) commercial and residential solutions division provides a range of products for making homes more comfortable and energy efficient, from thermostats and hot-water dispensers to heating, ventilation and air conditioning monitors; the unit amassed $6.7B in sales in 2021, 18% higher than the previous year.

Emerson ( EMR ) has been reshuffling its business mix through divestitures after merging its industrial software business with Aspen Technology earlier this year.

In August, Emerson ( EMR ) agreed to sell its InSinkErator garbage disposal business to Whirlpool for $3B .

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