Emerson (EMR) announced that it commenced a tender offer to acquire all of the outstanding shares of common stock of Avocent Corp. (AVCT) for $25.00 per share in cash, without interest, less certain applicable taxes.
The company said that the offer is currently scheduled to expire on December 10, 2009. While there can be no assurance that the tender offer conditions will be satisfied on December 10, 2009, Emerson said it does not expect that the offer will need to be extended beyond its current expiration date.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.