NATI - National Instruments stock rises amid report of Emerson nearing buyout deal

2023-04-12 06:39:43 ET

• National Instruments ( NASDAQ: NATI ) shares rose ~10% premarket on Wednesday after the Bloomberg reported yesterday that Emerson Electric ( NYSE: EMR ) is nearing a deal to acquire the measurement systems maker.
• Citing people familiar with the matter, Bloomberg reported that Emerson ( EMR ) is discussing paying about $60 a share for National Instruments ( NATI ), with a deal likely to be announced as soon as this week.
• A potential deal comes after Emerson ( EMR ) was competing with Fortive ( FTV ) and Keysight Technologies ( KEYS ) for National Instruments ( NATI ), according to media reports. Keysight may have had issues with its bid due to potential antitrust issues with a National Instruments ( NATI ) combination.
• Emerson ( EMR ) offered $53 a share in cash for National Instruments ( NATI ) in January after National Instruments ( NATI ) disclosed that it was beginning to weigh strategic alternatives and that potential acquirers had approached it.

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