Emerson Ups Offer for Chloride Group, Wins Bidding War for Expansion in UPS Market

In a move that will consolidate two major players in the market for uninterruptible power supplies (UPS) and related systems, the boards of directors of Emerson Electric Co., Pittsburgh, and Chloride Group PLC, London, announced that the Chloride board “unanimously intends to recommend acceptance of Emerson’s cash offer” for all shares of Chloride. Emerson made the offer on June 28 in the final move of a billion-dollar bidding war against Swiss technology giant ABB Ltd. for the U.K.-based man

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