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BRIEF-Emerson Withdraws Proposal To Acquire Rockwell Automation
November 28, 2017 / 12:01 PM / in 16 days

BRIEF-Emerson Withdraws Proposal To Acquire Rockwell Automation

Nov 28 (Reuters) - Emerson Electric Co:

* EMERSON WITHDRAWS PROPOSAL TO ACQUIRE ROCKWELL AUTOMATION FOR $225 PER SHARE

* EMERSON ELECTRIC CO - ‍PLAN TO ACCELERATE REPURCHASES OVER NEXT MONTH AND BUY BACK UP TO $1 BILLION OVER NEXT 12 MONTHS​

* EMERSON ELECTRIC CO - ‍“WE REMAIN CONFIDENT IN STRATEGIC PLANS WE HAVE IN PLACE”​

* EMERSON - HAS WITHDRAWN ITS PROPOSAL TO BUY ROCKWELL AUTOMATION FOR $225/SHARE DUE TO ROCKWELL BOARD‘S CONTINUED “UNWILLINGNESS” TO ENGAGE IN TALKS

* EMERSON ELECTRIC - ‍“MANAGEMENT BELIEVES COMPANY‘S SHARES ARE AN ATTRACTIVE INVESTMENT OPPORTUNITY​” Source text for Eikon: Further company coverage:

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