Emerson (EMR) announced it has closed its acquisition of NI (NATI), a provider of software-connected automated test and measurement systems, at an equity value of $8.2B. NI will become a new reported segment within Emerson called Test & Measurement and will be consolidated into the Software and Control group. As a result of the transaction’s closing, NI’s common stock has ceased trading on the Nasdaq.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on EMR:
- Emerson Completes Acquisition of NI, Advancing Global Automation Leadership
- Emerson Electric price target lowered to $100 from $105 at Barclays
- Hyatt to replace National Instruments in S&P 400 at open on 10/12
- Emerson Electric price target lowered to $105 from $110 at Wells Fargo
- Emerson Electric management to meet with Loop Capital
