1. Emerson Says Will Not Pursue a Break-Up Following Internal Review

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    Emerson Says Will Not Pursue a Break-Up Following Internal Review

    Reuters) – Emerson Electric Co told investors on Thursday it would not pursue a break-up following a review it launched last year into whether to separate its industrial automation operations from its air-conditioning business. Breaking up Emerson was one of the demands made by hedge fund D.E. Shaw & Co LP ...

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    1. We are a multi-business company, no different than a Honeywell or any of these other companies. There are very few pure, pure plays out there.
    2. It doesn't mean we won't sell certain things off, because we will. But the way it is right now, (the board) firmly believes that we create value with these platforms.

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