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Emerson Electric proposed to acquire Rockwell Automation for $225 per share in a cash and stock transaction valued at $29 billion. The proposal consists of $135 per share in cash and $90 per share in Emerson stock.
Emerson chairman and CEO David N. Farr has proposed in a letter to acquire all outstanding shares of Rockwell Automation at a total enterprise value of about $29 billion, with the combined company to be renamed Emerson Rockwell.