Emerson Electric Nears Deal to Acquire National Instruments

  • Smaller rival Fortive bypassed by Emerson in process
  • Emerson discussing paying around $60 a share in deal
Photographer: Chris Jung/NurPhoto/Getty Images
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Emerson Electric Co. is in advanced talks to acquire National Instruments Corp. after a long pursuit of the maker of measurement systems, according to people familiar with the matter.

Emerson is discussing paying around $60 a share, the people said, asking not to be identified because the information wasn’t public.