National Instruments

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Emerson Electric Bids to Buy National Instruments for Nearly $7 Billion

📅 Date:

🔖 Topics: Acquisition

🏢 Organizations: Emerson, National Instruments

Emerson, a St. Louis-based technology and engineering company, said it was offering $53 a share in cash for National Instruments, which it said represents an enterprise value of $7.6 billion. The offer represents a 32% premium over National Instruments’ closing price from last Thursday, the day before the Texas-based equipment and instrumentation company said its board was evaluating strategic alternatives and had already been approached by potential acquirers.

Read more at Wall Street Journal