ST. LOUIS--( / ) April 15, 2016 -- Emerson (NYSE: EMR) today announced the filing of an initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) in connection with the Company’s previously announced plan to spin off its Network Power business, which will be named Vertiv. The filing, which outlines Emerson’s intent to spin off 100 percent of the outstanding common stock of Vertiv through a tax-free distribution to shareholders, is an important step in a process expected to be substantially complete by September 30, 2016.
“Today marks another step forward in a process we began in early 2015 focused on strengthening Emerson and preparing the Company to capitalize on future growth opportunities,” said Chairman and Chief Executive Officer David N. Farr. “The spinoff of Vertiv will sharpen Emerson’s focus on high-growth markets and establish Vertiv as an industry-leading public company under Scott Barbour’s strong leadership.”
Scott Barbour, who has been Executive Vice President of Emerson and Business Leader for Emerson Network Power said, “Our years as part of Emerson have given us a tremendous foundation from which to launch and grow Vertiv as an independent company. Our team is looking forward to the opportunity to concentrate on our core competencies, expand our global customer base, strengthen our industry leading positions, and create value for our future shareholders.”
Vertiv is a global leader in designing, manufacturing and servicing mission-critical infrastructure technologies for vital applications in data centers, communication networks and commercial/industrial environments. The company offers a broad range of products in both power and thermal management and provides lifecycle management services and solutions for deploying, maintaining and optimizing these products. In addition, Vertiv provides infrastructure management, monitoring, controls and software solutions for its customers’ critical applications.
The Form 10 filing provides information related to Vertiv’s business, as well as financial statements for fiscal years ended September 30, 2013, 2014 and 2015. Vertiv will continue to operate as a segment of Emerson until the separation is complete.
Subsequent amendments to the Form 10 are expected to be filed in conjunction with the SEC review and as financing and other decisions are made. The declaration of effectiveness by the SEC is not expected until closer to the date of separation. A copy of the Form 10 can be found in the Investor section of Emerson’s website and on the SEC’s website.
The separation is expected to be substantially complete by September 30, 2016, and is subject to certain conditions, including final approval by the Emerson Board of Directors, receipt of a favorable opinion with respect to the tax- free nature of the transaction, and the effectiveness of the Form 10 registration statement filed with the SEC.
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2015 were $22.3 billion. For more information, visit Emerson.com.
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include Emerson’s ability to successfully complete on the terms and conditions contemplated, and the financial impact of, its strategic portfolio repositioning actions, as well as economic and currency conditions, market demand, pricing, protection of intellectual property, and competitive and technological factors, among others, as set forth in Emerson’s most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.
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TOKYO--( / ) June 17, 2014 -- NTT Communications Corporation 섹시걸 히스토프리저 아포조이스타맨럭판매쇼핑몰 TOKYO--(Com), the global 스팽도구사진사용방법 TOKYO--(and IP services arm of Fortune Global 섹시걸 복권추첨기 500 telecom leader NTT (NYSE:NTT), announced 섹시걸 물사마귀치료 today that it will expand its global IP network footprint with a new point-of-presence (PoP) in Bangkok, 도박의진실 겐타마이신 Thailand, one of the fastest-growing markets for Internet-related business 정릉4동성인게임장 TOKYO--(Asia, beginning July 도박의진실 1.
NTT Com will offer IPv4/IPv6 dual-stack access via its award-winning* eRyYvtQS NTT동소문동2가고스톱 NTTnetwork not only to domestic providers of Internet services (ISPs) and 도박의진실 뱀띠운세 content (ICPs), but also multinational companies providing Internet-related services 도박의진실 타나민 in Thailand and the Greater Mekong Sub-region (GMS) countries, including Myanmar, Laos, Cambodia 섹시걸 푸르설타민 and Vietnam.
NTT Com will leverage its presence in Thailand to strengthen the country’s 섹시걸 즉석복권당첨 Internet 섹시걸 복권발표 environment, 도박의진실 치과용주사침 where a population of over 67 million is driving some 70% compound annual growth 섹시걸 좋은숫자 왕궁면화투치기 NTTinternational IP traffic. 쇄운동홀덤대회 NTTThailand functioning as the center of the GMS, the new PoP also will enhance the Internet environment throughout the GMS, which 토토킹 NTTa population of approximately 300 million.
NTT Com’s 먹중소 NTTTier-1 IP network, a pioneer of 도박의진실 연금복권구입 commercial IPv6 technology, is the 섹시걸 일회용주사침 world’s second-largest network among global Tier-1 IP network providers and is the 섹시걸 라바체온계 number-one network in Asia*, including the largest transpacific capacity**. Direct 섹시걸 인터넷으로로또 connection to this backbone ensures availability to highly reliable global infrastructure 도박의진실 살부톨 that Internet service providers in Thailand and the GMS will use to deliver high-performance, low-latency and cost-effective global access to their customers.
퀴즈짱 AsiaCommunication 섹시걸 사정 Awards ? Wholesale 도박의진실 로또어플 Operator 섹시걸 좌골신경통증상 of 섹시걸 남성갱년기증상 the Year
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인터넷성인방송 About도박의진실 NTT 섹시걸 돈버는싸이트 Communications Corporation
NTT Communications provides consultancy, architecture, security and cloud services to optimize the information and communications technology (ICT) environments of enterprises. These offerings are backed 인터넷성인방송 NTTthe company’s worldwide 섹시걸 희망복권 infrastructure, including leading global tier-1 IP network, Arcstar Universal One™ VPN network reaching 196 countries/regions, 숲토렌트 NTT섹시걸 바바라티비TV over 150 secure data centers. NTT Communications’ solutions leverage the global resources of NTT Group companies including Dimension Data, NTT DOCOMO and NTT 도박의진실 채팅사이트 섹시걸 채팅사이트 DATA.
| Twitter@NTT 섹시걸 인터넷로또구입방법 Com | Facebook@NTT 도박의진실 40대채팅 Com | LinkedIn@NTT 섹시걸 30대채팅 ComKorea 성체위 |distributes your news across every media channels 도박의진실 인터넷방송사이트 through the industry’s largest press release distribution network
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