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Rockwell Automation to focus on operations after rejecting Emerson bid
November 8, 2017 / 2:35 PM / a month ago

Rockwell Automation to focus on operations after rejecting Emerson bid

(Reuters) - U.S. factory automation equipment maker Rockwell Automation Inc (ROK.N) said on Wednesday it would stick to its current strategic plan, after rebuffing a more than $27 billion takeover bid from larger rival Emerson Electric Co’s (EMR.N) in October.

    Rockwell’s executives made the comments during the company’s post-earnings call.

    Emerson indicated on Tuesday it remained interested in restarting deal talks with Rockwell.

    Reporting by Ankit Ajmera in Bengaluru

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