NATI - National Instruments gains amid report of interest from several strategics

• National Instruments ( NASDAQ: NATI ) rose 1.6% amid a report that the company's strategic review has garnered interest from at least three other companies besides Emerson Electric ( NYSE: EMR ).
• Fortive ( FTV ), Keysight ( KEYS ) and Honeywell ( HON ) are said to be interested in National Instruments ( NATI ), according to a Dealreporter item, that cited people familiar. The process is in early stage and it's possible no parties make formal bids.
• The update comes after Emerson ( EMR ) on Tuesday disclosed a bid to acquire National Instruments (NATI ) for $53 a share . Emerson submitted a proposal on Nov. 3 to improve an opening bid of $48-per-share on May 25.
• CNBC also reported on Tuesday that Emerson ( EMR ) was  said to have engaged with NATI over the last three weeks or so. Emerson came away with the impression from the discussions that NATI's price expectations were "unrealistic."
• National Instruments ( NATI ) jumped 17% on Friday following the announcement of the evaluation of strategic options .

For further details see: