Reuters logo
BRIEF-Rockwell Automation says board rejected takeover proposals from Emerson
October 31, 2017 / 2:31 PM / a month ago

BRIEF-Rockwell Automation says board rejected takeover proposals from Emerson

Oct 31 (Reuters) - Rockwell Automation Inc:

* Rockwell Automation board of directors unanimously rejected unsolicited proposals from Emerson

* Rejected Emerson’s proposal received on Oct. 10 consisting of $107.50/share in cash & 225 million shares of Emerson stock​

* Emerson’s proposal on Oct. 10 followed unsolicited proposal from Emerson on August 2 to buy company for $200/share

* Following reviews, board unanimously determined that each of Emerson’s proposals was not in best interest of company Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below