- Reuters•6 hours ago
Japan's Nidec Corp has emerged as the frontrunner to buy Emerson Electric Co's motors and drives unit in a deal estimated to be about $1 billion, according to two sources familiar with the matter. Reuters earlier reported that private equity group Clayton Dubilier & Rice (CD&R), Wolong Electric and another Chinese company were conducting due diligence on Leroy-Somer and preparing to submit final bids this month. Bloomberg first reported Nidec's interest in Emerson's unit and said a winner for the auction may be announced as soon as this week.
- Reuters•9 hours ago
Japan's Nidec Corp is the leading bidder for Emerson Electric Co's motors and drives unit in a sale that may fetch about $1 billion, according to two sources familiar with the matter. Reuters earlier reported ...
Emerson Electric Co.NYSE
After hours: 56.02-0.16 (-0.28%) as of 4:11 PM EDT
|Bid||56.09 x 200|
|Ask||56.25 x 300|
|52wk Range||41.25 - 56.82|
|Day's Range||55.47 - 56.20|
|Avg Vol (3m)||3,595,538|
As of 4:02 PM EDT. Market closed.