MILWAUKEE, Nov. 16, 2017 /PRNewswire/ -- Rockwell Automation Inc. (NYSE:ROK) today confirmed that it has received a revised unsolicited proposal from Emerson (NYSE:EMR) to acquire Rockwell Automation.
As it did with Emerson's prior proposals, consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Board of Directors of Rockwell Automation will carefully review Emerson's proposal to determine the course of action that it believes is in the best interest of the Company and Rockwell Automation shareowners. The Rockwell Automation Board expects to respond to Emerson's proposal in due course.
Goldman, Sachs & Co. is acting as financial advisor and Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Rockwell Automation.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs approximately 22,000 people serving customers in more than 80 countries.
This news release contains statements (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Words such as "believe", "estimate", "project", "plan", "expect", "anticipate", "will", "intend" and other similar expressions may identify forward-looking statements. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These forward-looking statements reflect our beliefs as of the date of filing this release. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Barrett Golden / Jamie Moser / Scott Bisang
Joele Frank, Wilkinson Brimmer Katcher
SOURCE Rockwell Automation Inc.