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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Six investment funds for beginnersBeginner investors can use funds to start building their portfolio, making it easy to access global trends while managing their risk level. Here’s six funds that beginner investors can consider.
-
Farming isn't for the faint-hearted – and isn't profitableOpinion Farming may look appealing, but turning a profit is extremely hard. No wonder many farmers are attracted to the Sustainable Farming Incentive, says Max King
