Emerson Agrees to Sell Connectivity Solutions Business to Bel Fuse

Emerson (NYSE: EMR) today announced that it has agreed to divest its Connectivity Solutions business unit to Bel Fuse, Inc. (NASDAQ: BELF.A and BELF.B).  The transaction, valued at $98 million, is expected to close before the end of the fiscal year, with proceeds deployed for incremental share repurchase in 2014.

Read the source article at Emerson Network Power

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