Deals
Emerson Electric to Buy National Instruments in $8.2 Billion Deal
- Company to pay $60/share after beating rival bidder Fortive
- Emerson shifts portfolio toward higher-growth automation
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Emerson Electric Co. agreed to acquire measurement systems maker National Instruments Corp. in a deal valued at $8.2 billion following a long pursuit.
St. Louis-based Emerson will buy National Instruments for $60 per share in cash, according to a statement Wednesday, which confirmed an earlier Bloomberg News report. The price represents a 49% premium to National Instruments’ closing price on Jan. 12, the day before the company announced a strategic review.