08:40 AM
Emerson Electric (EMR) to acquire Avocent (AVCT) for $1.3 in cash, or $25/share - a 22% premium to Monday's close (PR). Emerson - a maker of industrial-automation equipment, power systems and heating and cooling gear - will apply Avocent's infrastructure management technology to its network of power systems, energy management and precision cooling services to boost energy efficiency. EMR +0.2%. AVCT +20.7%.
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