National Instruments stockholders approve transaction with Emerson

National Instruments (NATI) announced that at NI’s Special Meeting of Stockholders held earlier Thursday, the company’s stockholders voted to adopt the proposed Agreement and Plan of Merger, whereby NI will be acquired by Emerson (EMR). As previously announced, under the terms of the merger agreement, NI stockholders will receive $60 per share in cash for every share of NI common stock they own immediately prior to the effective time of the merger. “Today’s vote by our stockholders validates our belief that this transaction represents the best outcome for all NI stakeholders,” said Eric Starkloff, NI’s Chief Executive Officer. “We thank our stockholders for their support and look forward to accelerating our position as a leading provider of software-connected automated test and measurement systems in this next chapter as part of Emerson.” The proposed transaction is expected to close in the first half of Emerson’s fiscal year 2024, subject to the completion of customary closing conditions. The final voting results of the Special Meeting will be set forth in a Form 8-K filed with the U.S. Securities and Exchange Commission following certification by NI’s inspector of election.