(Boursier.com) — Emerson Electric would be in advanced negotiations to buy National Instruments, according to the Bloomberg agency. People familiar with the matter said that after beating Fortive in the process, Emerson would now consider paying around $60 per National Instruments share, with a deal expected to be announced as early as this week. In addition to Emerson and Fortive, Keysight would also have participated in the second round of auctions for National Instruments, a Texas-based group active in automated test and measurement hardware and software for the seeding, transportation, aeronautics and defence. The industrial conglomerate Emerson would therefore be the favorite for this acquisition, within the framework of a potential deal which, according to Reuters, would value National Instruments nearly 8 billion dollars. The formal divestment process was launched in January, under pressure from Emerson who initially took a ‘hostile’ approach.
©2023 Boursier.com