Emerson picks-up an energy efficient deal for $1.2 bln - Tom Taulli

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Emerson picks-up an energy efficient deal for $1.2 bln
Oct 06, 2009 08:00 PM UTC

Tom Taulli

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Filed under: Deals

Founded in the late 1800s, Emerson Electric (NYSE: EMR) is now an industrial giant. The company has a variety of units that deal with things like network power, industrial management, appliances and tools, and climate technologies. Last year, revenues hit $24.8 billion, with net income of $2.4 billion.

To bolster its position, Emerson is targeting acquisitions, which look especially attractive at current valuations. And, the latest deal came today: the $1.2 billion purchase of Avocent (NASDAQ: AVCT).

Continue reading Emerson picks-up an energy efficient deal for $1.2 bln

Emerson picks-up an energy efficient deal for $1.2 bln originally appeared on BloggingStocks on Tue, 06 Oct 2009 15:00:00 EST. Please see our terms for use of feeds.

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