- NI Corp. ( NASDAQ: NATI ) has received takeover interest from companies including Emerson Electric ( NYSE: EMR ) after the company earlier Friday announced it started a strategic review.
- Reuters reported the interest from Emerson ( EMR ).
- NI jumped 17% on Friday following the announcement of the evaluation of strategic options, which includes a potential sale. The company also said the board approved the adoption of a limited duration shareholder rights plan.
- The maker of automated test equipment and virtual instrumental software was speculated to be a takeover target in May 2022.
- Last Wednesday UBS cut Emerson Electric ( EMR ) to neutral from buy based on valuation.
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NI Corp. said to receive interest from companies including Emerson - report