Emerson sweetens bid for Rockwell Automation to $29 billion

Greg Roumeliotis for Reuters:  U.S. industrial automation equipment company Emerson Electric Co raised its cash-and-stock offer to acquire Rockwell Automation Inc to $29 billion on Thursday, ratcheting up pressure on its smaller peer to engage in deal talks.

The new offer follows Rockwell’s rejections of Emerson’s overtures for much of this year. Rockwell’s CEO Blake Moret said last week he wanted to stick with delivering the company’s factory automation equipment on one platform.

“As it did with Emerson’s prior proposals... the board of directors of Rockwell Automation will carefully review Emerson’s proposal to determine the course of action that it believes is in the best interest of the company and Rockwell Automation shareowners,” Rockwell said in a statement on Thursday.

Rockwell shares were up 4.7 percent at $197.57. Emerson shares were up 0.2 percent at $59.25, giving the company a market capitalization of $38 billion.

Milwaukee, Wisconsin-based Rockwell said last month it had rejected a $215-per-share bid from Emerson, split in half between cash and shares.  Full Article:

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

FLIR Si1-LD - Industrial Acoustic Imaging Camera for Compressed Air Leak Detection

FLIR Si1-LD - Industrial Acoustic Imaging Camera for Compressed Air Leak Detection

The FLIR Si1-LD is an easy-to-use acoustic imaging camera for locating and quantifying pressurized leaks in compressed air systems. This lightweight, one-handed camera is designed to help maintenance, manufacturing, and engineering professionals identify air leaks faster than with traditional methods. Built with a carefully constructed array of MEMS microphones for high sensitivity, the Si1-LD produces a precise acoustic image that visually displays ultrasonic information, even in loud, industrial environments. The acoustic image is overlaid in real time on a digital image, allowing you to accurately pinpoint the source of the sound, with onboard analytics which quantify the losses being incurred. The Si1-LD features a plugin that enables you to import acoustic images to FLIR Thermal Studio suite for offline editing, analysis, and advanced report creation. Field analysis and reporting can also be done using the FLIR Acoustic Camera Viewer cloud service. Transferring of images can be managed via memory stick or USB data cable. Through a regular maintenance routine, the FLIR Si1-LD can help facilities reduce their environmental impact and save money on utility bills.