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Emerson Electric Co. (EMR) plans to boost its takeover offer for Rockwell Automation Inc., (ROK) ratcheting up an effort to bring its reluctant rival to the negotiating table.
Update(s):
November 16, 2017: Emerson (EMR) today announced that its Chairman and Chief Executive Officer, David N. Farr, has sent a letter to Rockwell Automation (ROK) President and CEO, Blake D. Moret, proposing to acquire all outstanding shares of Rockwell for $225 per share, consisting of $135 per share in cash and $90 per share in Emerson shares.
November 22, 2017: Rockwell Automation, Inc. (ROK) today announced that its Board of Directors has unanimously rejected Emerson’s (EMR) unsolicited proposal to acquire Rockwell Automation received on November 16, 2017.