Emerson Electric proposes taking on debt to fund acquisition

By Mary-Katherine Stinson

Lexington, Ky., Jan. 17 – Emerson Electric Co. submitted a proposal on Nov. 3 to acquire National Instruments at an implied enterprise value of $7.6 billion, according to a press release.

If the proposal is accepted and consummated, Emerson will use cash, committed lines of credit and other financing to fund the acquisition.

The proposal is not subject to any financing condition.

Emerson is a St. Louis-based technology and engineering company.

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