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.
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
Shares of Invensys finished the day 28.34% higher, at 257p.
-
Best places to live in England and Wales in 2026 – and how much they costCriteria like value for money, natural beauty, good schools, jobs and a high quality of life are key for those looking at areas to buy a house – but how much will it cost you to live in a high ranking town or city? We reveal the best places to live in England and Wales.
-
London house prices: Is the capital's property boom over?Buyers and investors have always been drawn towards the capital’s property market. But as house prices stall, is the market as lucrative as it once was and are buyers and investors still interested?
