Emerson
Rockwell takeover failed
Despite an improved offer, Emerson once again failed to take over Rockwell Automation.
Rockwell Automation has announced that its Board of Directors has unanimously rejected Emerson 's proposal for a takeover, which was received on November 16, 2017. The reason: the offer was too low and the "new" company would not be able to compete successfully in the developing market. The offer amounted to over 29 billion dollars (24.75 billion euros).
"Bigger is not always better for growth and value creation," said Blake D. Moret, President and Chief Executive Officer of Rockwell Automation, explaining the decision. Emerson had previously failed with a takeover bid in October.
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