Emerson makes $7.6B acquisition offer public

St. Louis-based Emerson Electric Co. made public an offer to buy Texas-based National Instruments Corp.

The deal gives National Instruments an enterprise value of $7.6 billion.

Emerson officials announced the company was going public with the offer after "numerous attempts to engage constructively with NI in private since May 16, 2022." NI reportedly adopted a so-called poison pill recently in the form of a shareholder rights plan "to protect the interests of the company and its shareholders."

Read more from the St. Louis Business Journal.