Rockwell Automation spikes 10%, then halted following report that it got multiple buyout offers

Trading in Rockwell Automation shares was halted for news pending Tuesday following a CNBC report that Emerson Electric made multiple offers to buy company.

CNBC’s David Faber reported, citing people familiar with the situation, that Emerson most recently made an offer for $US215 a share in October, in an acquisition that would be worth more than $US27 billion.

Rockwell Automation shares jumped by as much as 10% before the halt, while Emerson was down 2%. Emerson was also halted.

More to come …

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