Deals
Invensys Said to Weigh Options After Emerson Interest
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Invensys Plc said it received an exploratory takeover approach from Emerson Electric Co. that failed to produce an agreement, as the British manufacturer’s units spanning rail signaling and metering draw interest.
The talks were “highly preliminary” and are no longer ongoing, the London-based company said in a statement today, responding to a Bloomberg News report yesterday about an approach. Invensys dropped as much as 18 percent in London trading, after surging the most in a decade yesterday.