10:06 ET -- Emerson Electric Co. is one of the most talked about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Emerson Electric is selling a majority stake in its climate-technologies business to Blackstone Inc. in a transformational deal for the industrial company that would value the unit at $14 billion, including debt. The deal would give Blackstone a 55% stake in the unit, which sells compressors and other HVAC products and services used in commercial and residential heating and cooling as well as cold storage. Emerson would retain a 45% stake. Dow Jones & Co. owns Factiva. (chris.weack@wsj.com)

(END) Dow Jones Newswires

October 31, 2022 10:21 ET (14:21 GMT)

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