secwatch.observer — SEC 8-K summary
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Issuer:     EMERSON ELECTRIC CO (EMR)
CIK:        0000032604
Form:       8-K
Filed at:   2023-04-12T23:59:59+00:00
Accession:  0000950103-23-005685
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Emerson to acquire National Instruments for $60 per share in cash
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/32604/000095010323005685/0000950103-23-005685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/32604/000095010323005685/dp192144_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-005685

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