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National Instruments shares up in premarket on report Emerson near deal to buy it

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Shares of National Instruments Corp. rose nearly 4% in premarket trading on Wednesday, after Bloomberg reported that Emerson Electric Co. was nearing a deal...

Shares of National Instruments Corp.

rose nearly 4% in premarket trading on Wednesday, after Bloomberg reported that Emerson Electric Co. EMR was nearing a deal to acquire the test and measurement making company. Citing sources, the report said Emerson was discussing an offer worth $60 per share, beating out another suitor, Fortive Corp. FTV, with an announcement possibly due this week.

rose nearly 4% in premarket trading on Wednesday, after Bloomberg reported that Emerson Electric Co. EMR was nearing a deal to acquire the test and measurement making company. Citing sources, the report said Emerson was discussing an offer worth $60 per share, beating out another suitor, Fortive Corp. FTV , with an announcement possibly due this week.

 

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