June 6 (Reuters) - Emerson Electric Co ( EMR ):

* EMERSON ANNOUNCES SALE OF REMAINING INTERESTS IN COPELAND

TO

BLACKSTONE

* EMERSON - PROPOSED DEAL FOR FOR A TRANSACTION VALUE OF

APPROXIMATELY $3.5 BILLION, WITH PRE-TAX CASH PROCEEDS OF $3.4

BILLION

* EMERSON - PRIVATE EQUITY FUNDS MANAGED BY BLACKSTONE TO

PURCHASE

CO'S 40% COMMON EQUITY OWNERSHIP IN JV, WHILE COPELAND WILL

REPURCHASE SELLER'S NOTE

* EMERSON - WHOLLY OWNED SUBSIDIARY OF ABU DHABI INVESTMENT

AUTHORITY (ADIA) AND GIC WILL INVEST ALONGSIDE BLACKSTONE AS

PART OF TRANSACTION

* EMERSON - EMERSON INTENDS TO USE APPROXIMATE $2.9 BILLION

AFTER-TAX CASH PROCEEDS TO PAY DOWN ITS EXISTING DEBT

OBLIGATIONS

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