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Rockwell Spurns Emerson Again

Moret said the offer undervalues Rockwell and its prospects for future growth, presents a long-term risk for Rockwell shareholders and would create a business that would not be well positioned to compete in the rapidly changing industrial automation market.

Rockwell Automation’s board of directors again declined Emerson Electric’s proposal to acquire the Milwaukee-based industrial automation specialist. Emerson’s latest offer, its third since early October, valued the deal at $29 billion in cash and Emerson stock.

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