Deals
National Instruments Co-Founder Backs $7 Billion Emerson Offer
- James Truchard says he and other investors favor cash proposal
- Emerson went public with $53-per-share offer this month
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Photographer: Chris Jung/NurPhoto/Getty ImagesThis article is for subscribers only.
Emerson Electric Co.’s $7 billion takeover offer for National Instruments Corp. has won support from the measurement systems maker’s co-founder.
James Truchard, who started NI from his garage in 1976, said he believed the company should accept Emerson’s $53-per-share cash offer as it represents the best outcome for “all stakeholders.”