In Case This Wasn’t Clear, Emerson Really, Really Wants to Buy Rockwell Automation
On Nov. 16, Emerson upped the ante by making a third unsolicited offer to buy Rockwell Automation for $225 per share (60% cash/40% stock). This equates to over $28 billion of enterprise value, or an eye-popping almost 19 times the consensus estimate for Rockwell’s 2018 EBITDA. Emerson’s latest proposal asserts that nearly $6 billion of capitalized synergies could be generated from the deal, with a third derived from revenue synergies and the remainder from cost savings. Much like the rationale f...Rockwell Automation is a provider of industrial automation and digital transformation. The company's segments include: Architecture and Software, which contains automation and information platforms, including hardware and software; and Control Products and Solutions, which combines motor control and industrial control products, other solutions and a portfolio of lifecycle services. The company's automation platform products include programmable automation controllers, design, networking products, sensing devices, machine safety devices, motion control products, and independent cart technology products. The company's information platform includes manufacturing execution system software and analytics software.
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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