Emerson Electric Co (EMR.N) of the United States announced on Wednesday that it would acquire measurement equipment company NI Corp (NATI.O) for $60 per share in cash, for a total equity value of $8.2 billion. The transaction reflects a 14.11% premium to National's last closing on Tuesday.
Texas-based NI, formerly known as National Instruments, specializes in producing automated testing and measuring instruments to help in the research and validation of new technologies. On Tuesday Emerson was in advanced discussions to purchase NI, which services the semiconductor, transportation, aerospace, and defense industries.
Last month, NI judged that Fortive Corp (FTV.N) and Keysight Technologies Inc (KEYS.N) have the potential to beat Emerson's earlier $7 billion deal reported, citing three people familiar with the situation.
Latest News
Creating quality content that help to improve your business is at the heart of what EV is. We aim provide a comprehensive platform that support the growth of young and ambitious entrepreneurs through unique insights and valuable networks
We respect your privacy. The email address you provide will be used solely for subscription purposes and will not be stored or shared.
Subscribe Now