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Emerson Electric Co. (NYSE: EMR) recently divested the remaining 40% common equity ownership in Copeland to Blackstone Inc. (NYSE: BX). The transaction was valued at approximately $3.5 billion, with pre-tax cash proceeds of $3.4 billion. Headquartered in New York, Blackstone Inc. is an asset manager of alternative investments and a provider of financial advisory services globally. Effective Sep 18, 2023, the company joined the S&P 500 index, becoming the first major alternative asset manager to be part of the index. As of Mar 31, 2024, total AUM was $1.06 trillion and fee-earning AUM was $781….

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