Moving to Advance Its Automation Portfolio, Emerson Proposes to Acquire National Instruments

Moving to advance its automation portfolio, Emerson announced that it submitted a proposal to the Board of Directors of National Instruments (NI) to acquire NI for $53 per share in cash at an implied enterprise value of $7.6 billion.  This announcement follows NI’s recent public announcement of its own regarding initiation of a review and evaluation of the company’s strategic options.  The Emerson proposal, which is not subject to any financing conditions, was submitted to NI on November 3, 2022, and represents an improv

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