Diego Thomazini
- National Instruments (NASDAQ:NATI) shares rose ~10% premarket on Wednesday after the Bloomberg reported yesterday that Emerson Electric (NYSE:EMR) is nearing a deal to acquire the measurement systems maker.
- Citing people familiar with the matter, Bloomberg reported that Emerson (EMR) is discussing paying about $60 a share for National Instruments (NATI), with a deal likely to be announced as soon as this week.
- A potential deal comes after Emerson (EMR) was competing with Fortive (FTV) and Keysight Technologies (KEYS) for National Instruments (NATI), according to media reports. Keysight may have had issues with its bid due to potential antitrust issues with a National Instruments (NATI) combination.
- Emerson (EMR) offered $53 a share in cash for National Instruments (NATI) in January after National Instruments (NATI) disclosed that it was beginning to weigh strategic alternatives and that potential acquirers had approached it.