NATI - National Instruments ticks higher amid Nasdaq delisting notice for Emerson deal

2023-10-06 16:40:38 ET

National Instruments ( NASDAQ: NATI ) ticked up 0.6% in after-hours trading after a Nasdaq delisting notice for its planned sale to Emerson Electric ( NYSE: EMR ).

The deal is scheduled to close prior to the market opening on Wednesday, according to a Nasdaq delisting notice on Friday. The stock will be halted following the after-hours session on Tuesday.

The delisting notices come a month after Emerson's ( EMR ) planned $8.2 billion purchase of National Instruments ( NATI ) was approved by China's antitrust regulator. The deal also received clearance from European antitrust authorities last month.

Emerson ( EMR ) agreed in April to buy National Instruments ( NATI ) for $60 a share in cash and stock.

More on National Instruments

• National Instruments: Nice Payoff For Long-Term Holders With The Acquisition
• Emerson Electric downgraded to Neutral at UBS
• Emerson Electric's $8B purchase of National Instruments approved in China
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• Historical earnings data for National Instruments

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