Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen OC_Formula for the clue delivery! CTOnews.com, January 28 (Xinhua)-- Emerson Electric Co, an American engineering and industrial software company, this week offered to buy NI (National Instruments, National Instruments Corp) in an all-cash way, about $7.6 billion ($53 per share).

NI said on Friday that it was exploring strategic options, including a sale, after receiving contacts from potential buyers.

According to public information, NI is an American company engaged in the field of testing, control and design, including the development of engineering software such as virtual instruments and electronic test equipment. Its famous products include graphic development environment LabVIEW, C language virtual instrument application system LabWindows / CVI, integrated circuit analysis program NI Multisim and so on. Hardware products include the framework and modules of VXI bus, PXI bus, VME bus, IEEE-488 interface and standards for internal integrated circuits and other automation technologies.

National Instruments shares have risen more than 50% since January and now have a market capitalization of $7.117 billion, CTOnews.com found.

People familiar with the matter said Emerson had been trying to buy NI for months. The decision to make a public offer could be a prelude to a hostile takeover, which would require Emerson to nominate a replacement director to NI's board. It was also reported that Emerson privately offered to take over NI in May last year, but "received only limited participation".

Last week, National Instruments announced that it was exploring strategies, including selling the company, as it weighed its strategic options. The company's shares rose 19% at one point after the news.

According to its statement, the company has hired consultants to evaluate a range of options, "including consulting potential acquirers and other trading partners, some of whom have approached the company". National Instruments also said it would adopt a limited shareholder rights plan, which will expire in about a year.

It is reported that the shareholder rights plan, also known as the poison pill, is a defensive strategy to protect the interests of the company and shareholders by preventing potential acquirers or activist investors from accumulating large amounts of shares.

The company said it took the measure to "help ensure that all stakeholders have a fair opportunity to participate in the strategic review and provide time for the board and shareholders to make informed decisions."

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