Emerson Offers $7.6 Billion to National Instruments

NEW YORK (AP) — Emerson announces a $7.6 billion offer to buy National Instruments, saying the company has avoided serious buyout talks since early last year.

Emerson increased its cash offer for the scientific instrumentation and software maker to $53 per share in November, up from a $48 per share offer it made back in May.

Shares of National Instruments jumped 15% on Tuesday before the market opened.

Emerson said it has repeatedly attempted to initiate private negotiations with National Instruments Corporation since May. The St. Louis-based company said that when it unveiled the hike in November, National Instruments said it had formed a panel to review the proposal and evaluate options. But Emerson said National Instruments has resisted getting involved ever since.

Emerson Electric Co., a maker of process control systems, valves and analytical instruments, said it met with National Instruments earlier this month, but National Instruments shared “limited high-level” information about its business and was unwilling to provide more information. Detailed information. Emerson said National Instruments said this would be the limit of its participation.

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