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Decision due to Rockwell Board of Directors’ continued unwillingness to engage in discussions about a potential combination.
November 29, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Emerson announced that it has withdrawn its proposal to acquire Rockwell Automation for $225 per share due to the Rockwell Board of Directors’ continued unwillingness to engage in discussions about a potential combination. “The Rockwell Board again rejected our offer, which would have delivered approximately $30 billion of value to Rockwell shareholders,” said David N. Farr, Emerson chairman and CEO. “We are disappointed that the Rockwell Board refused even to discuss the potential combinati...
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