On Thursday, Shares of Emerson Electric Co. (NYSE:EMR), added 4.42% and closed at $55.75 in the last trading session. The last trading range of the stock ranges between $53.67 and $56.17. Emerson (EMR) is extending its presence in advanced flow measurement and control technologies with the acquisition of the Blending & Transfer Systems business of FMC Technologies, a leading provider of systems for lubricant, grease, fuel and chemical blending applications within the refining and chemical industries. The Blending & Transfer Systems business will join the flow solutions segment within Emerson Automation Solutions, complementing industry-leading brands like Micro Motion™ and DeltaV™. The combination creates a strong product and software portfolio to solve customers’ most critical blending applications in refining and chemical end markets.
CIT Group Inc. (NYSE:CIT), jumped 2.04% and closed at $38.44 in the last trading session. The last trading range of the stock ranges between $37.93 and $40.00. The company’s Market capitalization is $8.06 Billion with the total Outstanding Shares of 202.06 million. CIT Group Inc. (CIT), cit.com, a leading provider of commercial lending and leasing services, today announced that CIT Aerospace, Defense & Government Finance served as sole lead arranger in a $52 million senior secured credit facility to North American Rescue, LLC (NAR), the premier provider of survivability and casualty care medical products to the U.S. Military, Law Enforcement and Civilian First Responder markets. NAR is a portfolio company of an affiliate of Blue Wolf Capital Partners LLC (Blue Wolf), a private equity firm that specializes in responsibly transforming middle market companies. The financing will be used to refinance existing credit facilities and to provide working capital. Financing was provided by CIT Bank, N.A., the principal bank subsidiary of CIT. Terms of the transaction were not disclosed.