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National Instruments shares up in premarket on report Emerson near deal to buy it

Clyde Edgerton by Clyde Edgerton
April 12, 2023
in Markets
National Instruments shares up in premarket on report Emerson near deal to buy it
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Shares of National Instruments Corp. NATI rose nearly 4% in premarket trading on Wednesday, after Bloomberg reported that Emerson Electric Co. EMR was nearing a deal to acquire the test and measurement making company. Citing sources, the report said Emerson was discussing an offer worth $60 per share, beating out another suitor, Fortive Corp. FTV, with an announcement possibly due this week. National Instruments confirmed in January that it had received a $53 per-share buyout bid from Emerson, but that it would wait to hear from other potential buyers. Emerson also confirmed at the time that it had first approached National…



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