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https://i-invdn-com.investing.com/trkd-images/LYNXMPEI9U04I_L.jpg(Reuters) – Emerson (NYSE:EMR) Electric Co is selling a majority stake in its climate-technologies business to Blackstone (NYSE:BX) Inc in a deal that would value the unit at $14 billion including debt, the Wall Street Journal reported on Monday.
The deal, expected to be announced on Monday, would give Blackstone a 55% stake in the unit, the newspaper said citing executives.