Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co and is plan...
FILE PHOTO: A worker assembles an industrial valve at Emerson Electric Co’s factory in Marshalltown, Iowa, U.S., July 26, 2018. REUTERS/Timothy Aeppel/File Photo
Emerson, which pursued an unsuccessful $29 billion acquisition bid for peer Rockwell Automation Inc two years ago, has long been seen as a potential break-up candidate among investors and analysts. Its automation solutions business serves mostly industrial clients, while its remaining divisions cater primarily to commercial and residential markets.
The sources requested anonymity because the matter is confidential. D.E. Shaw and Emerson declined to comment. Emerson, a diversified manufacturer with $17.4 billion in sales last year, provides dozens of industries with thousands of products, from tools and large industrial valves to refrigeration, lighting and climate control systems.
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