ST. LOUIS, October 31, 2017 – Emerson (NYSE: EMR) today confirmed that it made a private offer to Rockwell Automation proposing a combination of the two companies. The proposal was rejected by Rockwell Automation and no discussions are currently ongoing between the two companies.
Emerson remains a disciplined acquirer and will only pursue transactions that are in the best interests of its shareholders.
Upcoming Investor Events
Emerson will report its fourth quarter and fiscal 2017 results prior to market open on Tuesday, November 7, 2017. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 3:00 p.m. Eastern Time, 2:00 p.m. Central Time. All interested parties may listen to the live conference call by going to the Investors area of Emerson’s website at www.Emerson.com/financial and completing a brief registration form. A replay of the conference call will be available for three months following the webcast at the same location on the Emerson website.
Forward-Looking and Cautionary Statements
The results in this press release are preliminary. Complete financial results for the fourth quarter and full year will be provided in our regularly scheduled earnings release on November 7, 2017. These results will include the full-year negative impact of discontinued operations on earnings, including an immaterial impact in the fourth quarter.
Statements in this press release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include economic and currency conditions, market demand, pricing, protection of intellectual property, and competitive and technological factors, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.