Royal Assets - National Instruments is purchased by Emerson for $8.2 billion

NORTH BRIDGE ROAD, Singapore - June 15, 2023 - PRLog -- According to Reuters, Emerson outbid Fortive Corporation (FTV) and Keysight Technologies Inc. (KEYS) with an offer to buy NATI shares for $60 per share.

EMR is a St. Louis-based heavy engineering, software and technology corporation. NATI, situated in Austin, Texas, manufactures test equipment and software for engineers and scientists.

After multiple failed acquisition efforts, EMR announced an aggressive $7 billion proposal for NATI only three months ago. EMR originally contacted NATI in May of last year with a $48 per share offer. After declining to negotiate a premium cash deal with EMR, the worldwide technology and software business made its position public "for the benefit of all NATI shareholders."

At 2 p.m. ET, NATI shares were up 10% in intraday trading, trading at an all-time high of about $57.90, getting closer to the purchase price. While EMR stock was down roughly 1.3%.

Emerson Electric Co. (EMR) already held 2.3 million shares of National Instruments Corporation (NATI), or nearly 2% of the company. Using the weighted average of past transactions, the effective purchase price is $59.61 per share.

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