Emerson Throws in the Towel on Rockwell Automation, Announces $1 Billion Share Repurchase Program
Shares of wide-moat Emerson rallied on Tuesday as management officially abandoned its $225 per share bid to acquire Rockwell Automation. Emerson’s rich offer and aggressive pursuit of Rockwell fueled much speculation that the company’s growth prospects were slim without the deal; however, CEO David Farr wasted no time reassuring investors that Emerson’s prospects were bright. He cited robust recovery in Automation Solutions orders and reminiscing about the company’s decades-long ascent toward ma...Baker Hughes is an energy technology company. The company's segments are: Oilfield Services, which provides products and services for onshore and offshore operations ranging from drilling, evaluation, completion, production, and intervention; Oilfield Equipment, which provides products and services for the subsea, offshore surface and onshore operating environments; Turbomachinery and Processing Solutions, which provides equipment and related services for mechanical-drive, compression and power-generation applications; and Digital Solutions, which includes condition monitoring, industrial controls, non-destructive technologies, measurement, sensing, and pipeline solutions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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