Emerson Electric (EMR) offers to buy U.K.-based Chloride Group for £997M ($1.5B) in an effort to...

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

Emerson Electric (EMR) offers to buy U.K.-based Chloride Group for £997M ($1.5B) in an effort to block ABB's (ABB) planned £860M takeover of the British firm. ABB says it will consider its options before making a further statement. (PR)