November 28, 2017 / 12:02 PM / 19 days ago

Emerson Electric withdraws offer to buy Rockwell Automation

Nov 28 (Reuters) - Emerson Electric said on Tuesday it has withdrawn its proposal to acquire Rockwell Automation for $225 per share.

“We are disappointed that the Rockwell board refused even to discuss the potential combination of our two great companies,” Emerson Chief Executive David Farr said in a statement. (Reporting by Sanjana Shivdas; Editing by Bernard Orr)

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