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National Instruments jumps on $8.2B acquisition by Emerson (update)

Apr. 12, 2023 5:54 PM ETEmerson Electric Co. (EMR), NATIEMBy: Rob Williams NY, SA News Editor6 Comments
Mergers and Acquisitions. Competition, new product, intellectual property and human capital concept. The meeting at the white office table

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Update 5:55pm: Adds dividend details from merger agreement.

National Instruments (NASDAQ:NATI) shares rose 8.6% premarket trading on Wednesday with the joint announcement that Emerson (NYSE:EMR) is buying the maker of industrial electronics for $60 a share in cash

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Comments (6)

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I would like to get shares over cash. Please.
joezapp profile picture
@AndreP So, umm, just buy shares.
@joezapp What I meant to say is that I want to get EMR shares for my NATI shares.
joezapp profile picture
@AndreP So, umm, just buy the EMR shares when you receive the NATI cash. Or sooner.
dai2ly profile picture
of all manufacturing companies - part of nebulous 'industrials' - EMR is top in category over ETN and HON and having outlasted fallen stars like GE, SWN, BA and other road-kills.

History of continuous and increasing dividends and sticking to their lanes have made them the go-to 'industrial.'

That said, this is a big bite at 18% of mkt cap with a new line and all the challenges of integration.

Let's see earnings preso next two weeks -- until then, I'd add more at 80 and wait
joezapp profile picture
Double the 9-month low, which was also a multi-year low. Nice return for an under-performing stock. Good job by Emerson to find this gem.
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