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Rockwell Automation Board Declines Emerson’s Latest Offer Valued at $27 Billion

Rockwell’s board said it carefully reviewed the proposals and unanimously determined that each of Emerson’s proposals was not in the best interest of Rockwell Automation or its shareowners.

The board of directors at Rockwell Automation, Milwaukee, said it recently rejected a pair of unsolicited proposals from Emerson Electric, St. Louis, to acquire Rockwell Automation for more than $27 billion. As the largest remaining pure-play manufacturer in industrial automation, Rockwell Automation and its Allen-Bradley brand have long been seen as a prime acquisition target for conglomerates seeking a platform for growth in the industrial market.

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