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REUTERS reports:

Emerson Electric Co (EMR.N) is in talks with U.S. buyout firm Blackstone Inc (BLK.N) to sell a part of its commercial and residential solution business assets, Bloomberg News reported on Tuesday citing people familiar with the matter.

The deal, that could be valued between $5 billion and $10 billion, would depend upon how much of the portfolio changes hands, the report said, adding that no final decision has been made and the discussions could fall through.

Blackstone and Emerson Electric declined to comment…

The full story can be read here.

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