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.
Nevertheless, Emerson would consider a deal for the whole company to get the Foxboro business, that person added.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
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.
