12142017Thu
Last updateWed, 13 Dec 2017 8pm

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Valve Manufacturing

Emerson Proposes to Acquire Rockwell Automation

Emerson chairman and CEO David N. Farr has sent a letter to Rockwell Automation president and CEO Blake D. Moret proposing to acquire all outstanding shares of Rockwell for $225 per share, consisting of $135 per share in cash and $90 per share in Emerson shares. The total enterprise value of the transaction is approximately $29 billion. Emerson proposes the new, combined company be renamed Emerson Rockwell. 

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