Just half a month ago, Rockwell Automation just rejected Emerson 's $27 billion acquisition offer ( Emerson is interested in Rockwell Automation, Rockwell Automation is not interested in Emerson ). However, on the evening of the 16th Beijing time, Emerson once again increased its offer and proposed to acquire Rockwell Automation in the form of $225 per share + $135 in cash, with a transaction value of $29 billion. Let's follow the industrial control editor to learn about the relevant content.
Emerson to acquire Rockwell Automation for $29 billion
Emerson (Emerson Electric Company) was founded in St. Louis, Missouri, USA in 1890. After more than 100 years of hard work, Emerson has grown from a regional manufacturer to a strong group company with global technology solutions. Emerson is a diversified global manufacturer. Through process management, industrial automation, network energy, environmental optimization technology, commercial and residential solutions and other businesses, it combines technology and engineering to provide customers with innovative solutions. Rockwell Automation Co., Ltd. is the world's largest company dedicated to industrial automation and information, committed to helping customers improve productivity and the sustainable development of the world.
In the field of industrial automation, Emerson and Rockwell Automation are both well-deserved leading companies. The combination of strong forces is also a major trend in the current development of enterprises and industries. The merger of Emerson and Rockwell Automation will create a global automation market leader worth US$202 billion.
On November 16, Emerson Chairman and CEO David Farr sent a letter to Rockwell President and CEO Blake Moret urging him to consider the acquisition. Farr said that if Rockwell Automation accepts the bid, it means that Rockwell Automation shareholders will hold approximately 22% of the shares of the merged company.
The above is an introduction to Emerson's plan to acquire Rockwell Automation for US$29 billion in industrial control. If you want to know more related information, please pay more attention to eeworld. eeworld Electronic Engineering will provide you with more complete, detailed and updated information.
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