It probably would have been a good merger or takeover, but it didn’t happen.
Emerson Electric’s initial $27 billion bid to buy Rockwell Automation was rejected by the latter company’s board, as was the former’s subsequent, raised bid of $29 billion.
Some business analysts said combining strengths would be a good move for both companies, but Rockwell seems to have plans of its own which do not include a takeover or merger. Continue reading Emerson withdraws bid to buy Rockwell
Emerson Electric, a company with a market capitalisation of more than $40 billion, is trying to buy Rockwell Automation, which has a market cap of about $26 billion.
Emerson has reportedly offered more than $27 billion for Rockwell, but has been rejected.
Not apparently because of the money, but because Rockwell is said to be “fiercely independent” by CNBC, which says the acquisition bid was met with a “terse rejection”. Continue reading Industrial consolidation: Emerson Electric tries to buy Rockwell Automation for $27 billion