Emerson Electric (EMR) revealed today that it offered to buy U.K.-based Chloride Group for $1.1B...

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

Emerson Electric (EMR) revealed today that it offered to buy U.K.-based Chloride Group for $1.1B on Friday to help shore up its position in Europe. Emerson asked Chloride's board for a response by Sunday evening, but is still waiting for a reply. (PR)