Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Emerson Offering $29B for Rockwell Automation - Ink World Magazine

What are you searching for?

Sign in
Flexible Electronics News

Emerson Offering $29B for Rockwell Automation

A previous $27.6B bid was rejected, according to Reuters.

Author Image

By: Anthony Locicero

Copy editor, New York Post

After its initial $27.6 billion bid was rejected, Emerson Electric Co. upped the offer to buy Rockwell Automation Inc. to roughly $29 billion, Reuters reported.

According to the report, Emerson’s latest offer is for $225 per share – $135 per share in cash and $90 per share in Emerson stock.

In October, the Milwaukee, Wisc.-based Rockwell nixed a $215 per share – split in half between cash and shares – bid, according to Reuters.

St. Louis, Missouri-based Emerson said it estimates about $6 billion of savings from a potential deal, which equates to an additional $10 per share in value for Rockwell shareholders.

“We remain convinced there is compelling strategic, operational, and financial merit to bringing together our two companies,” Emerson Chief Executive David Farr said in a statement.

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters