Rockwell Rebuffs Emerson's Offer a Third Time, Valuing Independence Over Speedy Growth
Rockwell Automation's board of directors announced Nov. 22 that it unanimously rejected Emerson Electric’s third bid of $225 per share, which pegged Rockwell’s enterprise value at a lofty $28 billion, or almost 19 times consensus estimates for Rockwell’s 2018 EBITDA. Despite the attractive premium, Rockwell predictably decided that it would be better to go it alone. Rockwell has slowly and methodically grown its company into a pure-play automation powerhouse, with its flagship Logix product capa...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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.