Emerson (NYSE: EMR), St. Louis, MO, has proposed an acquisition of all outstanding shares of Rockwell Automation (NYSE: ROK) for $225 per share, consisting of $135 per share in cash and $90 per share in Emerson shares. The total proposed transaction is valued at $29 billion.
Chairman and CEO of Emerson, David N. Farr, sent a letter proposing the acquisition to Rockwell president and CEO, Blake D. Moret. Emerson has posted slides detailing the strategic and financial rationale of the transaction to the investor relations page of its website, available here.