The Blackstone Group
The deal is anticipated to get an official announcement within a day.
A 55% interest in the relevant Emerson Electric subsidiary, which the investment company valued at $14 billion, will be purchased by Blackstone as part of the arrangement.
According to the WSJ, Blackstone will spend $9.9 billion on the share acquisition, making it the biggest private equity deal to occur in the American market in recent months.
Blackstone plans to cover $4.4 billion of the cost out of its own resources and the remaining $5.5 billion through the issuance of new loans.
source: wsj.com
A 55% interest in the relevant Emerson Electric subsidiary, which the investment company valued at $14 billion, will be purchased by Blackstone as part of the arrangement.
According to the WSJ, Blackstone will spend $9.9 billion on the share acquisition, making it the biggest private equity deal to occur in the American market in recent months.
Blackstone plans to cover $4.4 billion of the cost out of its own resources and the remaining $5.5 billion through the issuance of new loans.
source: wsj.com