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Emerson Electric Co agrees to sell Connectivity Solutions business to Bel Fuse

Friday, 16 May 2014 06:40pm EDT 

Emerson Electric Co:Says that it has agreed to divest its Connectivity Solutions business unit to Bel Fuse, Inc.Says transaction, valued at $98 mln , is expected to close before end of fiscal year, with proceeds deployed for incremental share repurchase in 2014. 

Company Quote

-0.5 -0.78%
11:05am EDT