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.
Forward-Looking Statements
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.
Contacts
Media:
Bruce
Quinn
Media
Relations
414.382.4871
or
Barrett Golden /
Jamie Moser / Scott Bisang
Joele Frank,
Wilkinson Brimmer Katcher
212.355.4449
|
Investors:
Steve
Etzel
Investor
Relations
414.382.8510
|
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SOURCE Rockwell Automation Inc.