Invensys receives expression of interest, shares rocket
The maker of rail signaling and industrial automation systems Invensys is evaluating its options, including a sale, after Emerson Electric expressed interest in buying some or all of the company, said people familiar with the situation, Bloomberg reports.
The maker of rail signaling and industrial automation systems Invensys is evaluating its options, including a sale, after Emerson Electric expressed interest in buying some or all of the company, said people familiar with the situation, Bloomberg reports.
According to one of those sources Emersons chief interest is Invensys's Foxboro unit, which makes meters and control systems, and not the rail unit, one of the people, who asked not to be identified as talks are private, told the newswire.
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Shares of Invensys finished the day 28.34% higher, at 257p.
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