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Emerson sweetens bid for Rockwell Automation to $29 bln
November 16, 2017 / 12:02 PM / a month ago

Emerson sweetens bid for Rockwell Automation to $29 bln

Nov 16 (Reuters) - Emerson Electric Co boosted its takeover offer for Rockwell Automation Inc to about $29 billion, after a previous offer of $27.6 billion was rebuffed last month.

Emerson, a maker of factory automation equipment, on Thursday offered $225 per share to buy its smaller rival. The proposal comprises $135 per share in cash and $90 per share in Emerson stock. (Reporting by Ankit Ajmera in Bengaluru; editing by Sai Sachin Ravikumar)

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