Emerson selling Copeland to BlackStone, the digital cold chain group, consisting of Cooper acquisition, comfort controls, transportation, and Cargo just laid off 20 seasoned employees, the people with the real knowledge, leaving the "new" management to drive it into the ground. Thinking that they can get on the road to prosperity by SG&A reductions.
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Sorry to say it - but get ready for more to come!
Review examples of other businesses purchased by Blackstone, & the human sacrifices aren't pretty in packaging for resell.
Great stock to own, bad company in which to work.
EMR management knew exactly what they were sentencing the Copeland team to by this divestment.
All about the $$$$$.
That is the private equity way.