Emerson Electric To Buy Artesyn

Emerson Electric Co., St. Louis, said it would acquire Artesyn Technologies Inc. for $11 per share in cash, or approximately $500 million net of acquired cash.

Artesyn, Boca Raton, Fla., generated $420 million in sales for 2005. The company, which has about 39.87 million shares outstanding, provides power conversion equipment as well as hardware and software subsystems for a range of communication applications for original equipment manufacturers.

Emerson said Artesyn will bec

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