M&A
confidence high
sentiment neutral
materiality 0.90
Emerson to acquire National Instruments for $60 per share in cash
EMERSON ELECTRIC CO
- Emerson will pay $60 per share for National Instruments (NATI), valuing the deal at ~$8.2B.
- Emerson secured up to $8.175B bridge loan from Goldman Sachs to fund the acquisition.
- Deal expected to close by April 12, 2024, with possible extensions to October 2024 for regulatory approvals.
- Termination fee of $310M payable by either party under specified conditions; NATI equity awards converted to Emerson RSUs or cash.
- Emerson intends to finance the merger with proceeds from Climate Technologies sale or debt if needed.