On Tuesday, April 12, 2016, Scott Barbour-Executive Vice President of Emerson, announced that as part of the planned Network Power spinoff, Emerson filed a Form 10 document with the Securities and Exchange Commission. Scott shared some of the facts around the new company that Emerson revealed in this required filing.
Emerson Network Power will be named Vertiv Co once it is a new, independent, publicly traded company, and Scott Barbour will become the President and Chief Executive Officer. Vertiv will trade on the New York Stock Exchange with VRT as its ticker symbol. The separation remains on track to be substantially complete by September 30, 2016.
We are excited about today’s developments and what they mean for Access, Inc. and our continued ability to provide you with high-quality products, services and innovative solutions, backed by unsurpassed industry expertise. As an independent, publically traded company, Vertiv will be well-positioned for further growth with increased flexibility and speed to market, ultimately leading to more options and opportunities for you.
We look forward to sharing more details with you in the months to come. In the meantime, please know that today’s announcement will in no way affect our work with you or our relationship as we prepare for the spinoff. We will continue to partner with you as we always have.
If you have any questions or concerns, please do not hesitate to reach out to your contacts here at Access, Inc. or contact me at (920) 967-8413 or firstname.lastname@example.org
We look forward to continuing to work with you for many years to come.