Emerson Electric (EMR -0.7%) has approached U.K. company Invensys (IVNYY.PK) about acquiring its...

|About: Emerson Electric Co. (EMR)|By:, SA News Editor

Emerson Electric (EMR -0.7%) has approached U.K. company Invensys (IVNYY.PK) about acquiring its Foxboro unit, a maker of meters and control systems, and even possibly the whole firm, Bloomberg reports. Invensys, whose market cap is $2.6B, is exploring its options, and has spoken to GE and Siemens (SI), which is interested in Invensys' rail ops.