Emerson Announces $7.6 Billion Offer for National Instruments

 Emerson Electric Co. is going public with its $7.6 billion bid for National Instruments, saying the company has avoided serious buyout negotiations since early last year.

Emerson bumped up its cash offer for the maker of scientific measuring equipment and software to $53 per share in November, up from a per-share offer of $48 that it had made back in May.

Shares of National Instruments jumped, closing Tuesday up nearly 11%.

Emerson said that it’s tried numerous times to initiate private discussions with National Instruments Corp. since May. The St. Louis company said that when it provided its increased bid in November, National Instruments said it had formed a group to look at the proposal and evaluate options. But Emerson said since that time National Instruments has resisted engaging.

Read the source article at apnews.com