November 16, 2017 / 12:06 PM / in a month

BRIEF-Emerson proposes to acquire Rockwell Automation in cash and stock transaction valued at $29 billion

Nov 16 (Reuters) - Emerson Electric Co

* Emerson proposes to acquire Rockwell Automation for $225 per share in cash and stock transaction valued at $29 billion

* Emerson proposes to acquire Rockwell Automation for $225 per share in cash and stock transaction valued at $29 billion

* Emerson Electric Co - new proposal ‍consists of $135 per share in cash and $90 per share in emerson shares​

* Emerson Electric Co - ‍proposal is not subject to any financing contingency​

* Emerson Electric Co - ‍portion of consideration to be paid in Emerson stock would result in Rockwell shareholders owning approximately 22 pct of combined co​

* Emerson Electric Co - ‍estimate total capitalized value of synergies to be over $6 billion, equating to over $10/share of additional value to rockwell shareholders ​

* Emerson Electric Co - ‍including value of synergies, Rockwell shareholders would receive $235 per share in total value​

* Emerson Electric Co - ‍expect transaction would be accretive to adjusted EPS and free cash flow in year one​

* Emerson Electric Co - ‍estimated synergies & operating efficiencies from deal would result in operating margin of about 20 pct as well as double-digit EPS growth​

* Emerson Electric Co - Jpmorgan is “highly confident” that co can finance cash portion of proposed deal with combination of cash, newly issued debt​ Source text for Eikon: Further company coverage:

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