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A previous $27.6B bid was rejected, according to Reuters.
November 22, 2017
By: Anthony Locicero
Copy editor, New York Post
After its initial $27.6 billion bid was rejected, Emerson Electric Co. upped the offer to buy Rockwell Automation Inc. to roughly $29 billion, Reuters reported. According to the report, Emerson’s latest offer is for $225 per share – $135 per share in cash and $90 per share in Emerson stock. In October, the Milwaukee, Wisc.-based Rockwell nixed a $215 per share – split in half between cash and shares – bid, according to Reuters. St. Louis, Missouri-based Emerson said it estimates about $...
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