What did National Instruments shareholders receive for their shares?

Shareholders of National Instruments Corporation (NATI) received $60.00 in cash for each share of NATI common stock that was outstanding at the time of the merger, subject to certain exclusions.

When did this acquisition officially close?

The acquisition officially closed on October 11, 2023, which was the Closing Date for the transactions contemplated by the Merger Agreement.

Are there any National Instruments shares that did not receive the cash consideration?

Yes, certain shares of NATI common stock were excluded from the cash consideration. These include shares held by Emerson or NATI subsidiaries, shares owned by NATI itself (with exceptions), and shares held by holders who did not vote in favor of the merger and properly exercised their appraisal rights under Delaware law.

EMR 8-K SEC Disclosure — Oct 11, 2023

Q: What was the outcome of the merger between Emerson Electric Co. and National Instruments Corporation?

Emerson Electric Co. successfully completed the merger with National Instruments Corporation (NATI) on October 11, 2023. As a result, NATI now operates as a wholly owned subsidiary of Emerson.

Summary

Emerson Electric Co. (EMR) has announced the successful completion of its acquisition of National Instruments Corporation (NATI) on October 11, 2023. The transaction, structured as a merger, saw National Instruments survive as a wholly owned subsidiary of Emerson. This strategic move aims to bolster Emerson's portfolio and expand its market reach. Investors should note that all outstanding shares of National Instruments common stock were converted into the right to receive $60.00 in cash per share. This cash consideration was paid to NATI shareholders, excluding certain treasury shares and shares held by dissenting shareholders who exercised appraisal rights. The completion of this merger marks a significant development for Emerson, integrating National Instruments' capabilities into its existing operations. The $60.00 per share cash payout represents the total consideration for NATI shareholders and the culmination of a previously announced agreement. This acquisition is expected to be accretive to Emerson's earnings and is a key part of the company's strategy for growth and value creation. Further details regarding the financial impact and integration plans will likely be disclosed in future filings.

Key Highlights

1Emerson Electric Co. completed the acquisition of National Instruments Corporation (NATI) on October 11, 2023.
2The transaction was executed as a merger, with NATI becoming a wholly owned subsidiary of Emerson.
3NATI shareholders received $60.00 in cash for each share of NATI common stock they owned.
4The acquisition includes customary exclusions for treasury stock and shares with appraisal rights.
5This merger is a key strategic move for Emerson, aimed at expanding its market presence and capabilities.
6The deal signifies the culmination of the merger agreement announced earlier in the year.

EMERSON ELECTRIC CO 8-K Report, Corporate Update (Oct 11, 2023)

Summary

Key Highlights

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