CD&R, two Chinese firms likely bidders for Emerson unit in deal worth $1b

CD&R, two Chinese firms likely bidders for Emerson unit in deal worth $1b

Photo: Pixabay

Emerson Electric’s alternator business Leroy-Somer is expected to attract firm offers from two Chinese companies and a buyout group in a potential 1 billion euro ($1.1 bln) deal, people close to the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter