Emerson Electric Co said on Tuesday it named Mark Blinn to its board, bowing to pressure from activist shareholder D.E. Shaw, which has called for a breakup of the U.S. factory automation equipment maker. The New York-based hedge fund, which owns a more than 1% stake in the Ferguson, Missouri-based company, wants Emerson to split into two businesses – the industrial automation business and the climate technology-focused unit. The hedge fund has said the move could unlock more than $20 billion worth of shareholder value. …read more
Source:: Yahoo Finance
