Emerson Electric Co. (NYSE:EMR) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets
completed the previously announced acquisition of the Valves and
Controls business (“Valves Controls”) of Pentair plc, an Irish
public limited company (“Pentair”), for $3.15 billion in cash,
subject to post-closing adjustments. The acquisition was
completed to the terms of the share purchase agreement dated as
of August 18, 2016 (as amended, the “Purchase Agreement”) by
and between the Company and Pentair.
purport to be complete and is qualified in its entirety by
reference to the full text of such agreement, which is filed as
Exhibit 10.1 hereto. The representations, warranties and
covenants contained in the Purchase Agreement are solely for the
benefit of the parties to the Purchase Agreement. Investors and
security holders are not third-party beneficiaries under the
Purchase Agreement and should not rely on the representations,
warranties, covenants or agreements, or any descriptions thereof
as characterizations of the actual state of facts or condition of
any party to the Purchase Agreement.
that it closed the acquisition of Valves Controls from Pentair. A
copy of the press release is furnished as Exhibit 99.1 to this
Current Report on Form 8-K.
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Exhibit No.
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Description
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10.1
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Purchase Agreement dated as of August 18, 2016 by and
between Emerson Electric Co. and Pentair plc, incorporated by reference to Emerson Electric Co. 2016 Form 10-K, File No. 1-278, Exhibit 10(x) |
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99.1
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Emerson Electric Co. Press Release dated April 28, 2017
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intended to be furnished and shall not be deemed “filed” for
purposes of Section 18 of the Securities Exchange Act of 1934
(the “Exchange Act”), or otherwise subject to the liabilities
of that section, nor shall it be deemed incorporated by reference
in any filing under the Securities Act of 1933, as amended, or
the Exchange Act, except as expressly set forth by specific
reference in such filing.
strictly historical may be “forward-looking” statements, which
involve risks and uncertainties, and Emerson undertakes no
obligation to update any such statements to reflect later
developments. These risks and uncertainties include economic and
currency conditions, market demand, pricing, protection of
intellectual property, and competitive and technological factors,
among others, as set forth in Emerson’s most recent Annual
Report on Form 10-K and subsequent reports filed with the SEC.
About Emerson Electric Co. (NYSE:EMR)
Emerson Electric Co. is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions. The Company’s principal production operations are electronics assembly, metal stamping, forming, casting, machining, welding, plating, heat treating, painting and assembly. In addition, the Company uses specialized production operations, including automatic and semiautomatic testing, automated material handling and storage, ferrous and nonferrous machining, and special furnaces for heat treating and foundry applications. The Company provides measurement, control and diagnostic technologies for automated industrial processes. Emerson Electric Co. (NYSE:EMR) Recent Trading Information
Emerson Electric Co. (NYSE:EMR) closed its last trading session down -0.57 at 60.28 with 3,713,162 shares trading hands.