Articles From: Emerson Agrees to Sell Power Transmission Solutions Business to Regal Beloit Corporation to Calamos Asset Management, Inc. Announces Fourth Quarter and Year-End 2014 Investor Conference Call


Emerson (NYSE: EMR) today announced that it has agreed to sell its Power Transmission Solutions business unit to Regal Beloit Corporation (NYSE: RBC). The transaction is valued at $1.44 billion, representing cash proceeds of $1.4 billion plus assumption of certain postretirement liabilities, and is expected to close in the first calendar quarter of 2015, subject to regulatory approvals.
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Articles From: Emerson Agrees to Sell Power Transmission Solutions Business to Regal Beloit Corporation to Calamos Asset Management, Inc. Announces Fourth Quarter and Year-End 2014 Investor Conference Call
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