Business Context and Reporting Period
Company: Emerson Electric Co.
Filing Type: Form 8-K (Current Report)
Date of Report: April 28, 2017
Event: Completion of the acquisition of the Valves and Controls business from Pentair plc.
Key Financial Metrics
Transaction Value: $3.15 billion in cash.
Adjustments: Subject to post-closing adjustments.
Other Metrics: The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the reporting period; it focuses solely on the transaction completion.
Material Changes
- Acquisition Completed: On April 28, 2017, Emerson finalized the purchase of Pentair's Valves and Controls business.
- Agreement Reference: The transaction was executed pursuant to a share purchase agreement dated August 18, 2016 (as amended).
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the closure of the deal as previously announced. No specific financial guidance or outlook for the acquired business is detailed within this document.
Risks and Uncertainties: The filing includes a standard forward-looking statement disclaimer. Risks include economic and currency conditions, market demand, pricing, intellectual property protection, and competitive/technological factors. Emerson undertakes no obligation to update these statements.
Investor Verification Checklist
- Verify the final purchase price after post-closing adjustments are calculated.
- Review the full text of the Purchase Agreement (Exhibit 10.1) for specific representations, warranties, and covenants.
- Consult the press release (Exhibit 99.1) for strategic rationale and immediate operational impacts.
- Check subsequent filings for the impact of this acquisition on Emerson's consolidated debt levels and liquidity.