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...General Electric is a technology industrial company. The company's segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which engineers and manufactures energy equipment and projects, grid solutions and digital services; Aviation, which designs and produces commercial and military aircraft engines, digital components, electric power and mechanical aircraft systems; Healthcare, which provides healthcare technologies; and Capital, which provides financial products and services that build on the company's industry capabilities in aviation, power, renewables, healthcare and other activities.
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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