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Emerson Announces Strategic Portfolio Repositioning; Plans to Spin off Network Power Business and Explore Other Strategic Actions

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ST. LOUIS--(BUSINESS WIRE)--Emerson (NYSE: EMR) today announced it plans to spin off its Network Power business via a tax-free distribution to shareholders as part of a plan to streamline its portfolio, drive growth, and accelerate value creation for shareholders. Emerson will also explore strategic alternatives for its motors and drives, power generation and remaining storage businesses. In addition, the company will conduct a complete review and assessment of its corporate services and struct

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