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Mergers & Acquisitions
Original Press Release
Rockwell Automation to Review Revised Unsolicited Proposal from Emerson
Press release date: Nov 16, 2017
MILWAUKEE, Nov. 16, 2017 - Rockwell Automation Inc. (NYSE: ROK) today confirmed that it has received a revised unsolicited proposal from Emerson (NYSE: EMR) to acquire Rockwell Automation.
As it did with Emerson's prior proposals, consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Board of Directors of Rockwell Automation will carefully review Emerson's proposal to determine the course of action that it believes is in the best interest of the Company and Rockwell Automation shareowners. The Rockwell Automation Board expects to respond to Emerson's proposal in due course.
Goldman, Sachs & Co. is acting as financial advisor and Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Rockwell Automation.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs approximately 22,000 people serving customers in more than 80 countries.