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The hostile bid isn't likely to end anytime soon.
National Instruments received a buyout offer this morning after announcing it was pursuing strategic alternatives last week.
Emerson announced it has launched a $7.6 billion hostile bid for National Instruments (NASDAQ:NATI) (NI) after multiple rebuffed attempts. In November 2022, the firm offered $53 per share, in cash, up from the initial $48 per share proposal submitted in May 2022.
National Instruments Corp. NATI, +12.64% confirmed that it received Emerson Electric Co.'s EMR, -6.70% $53 per-share buyout bid, but stressed that it would continue its previously announced review of strategic options. National Instruments said the review includes “robust solicitation of interest from potential acquirors.
Shares of National Instruments Corp. NATI, +16.93% shot up 12.3% toward a five-year high in premarket trading Tuesday, after Emerson Electric Corp. EMR, -0.13% disclosed an improved buy bid in a deal with an implied value of $7.6 billion. Emerson's stock fell 2.0% ahead of the open.
The instrumentation and software company is undertaking a strategic review.
AUSTIN, Texas--( BUSINESS WIRE )--NI (Nasdaq: NATI) today announced it will release its fourth quarter 2022 financial results on Tuesday, January 31, 2023, at 4:00 p.m. Central Time. An audio webcast of the call and accompanying slides will be available in the investor relations section of the company website: ni.com/nati.
Start Time: 17:00 January 1, 0000 5:44 PM ET National Instruments Corporation (NASDAQ:NATI ) Q3 2022 Earnings Conference Call October 27, 2022, 17:00 PM ET Company Participants Eric Starkloff - President and CEO Karen Rapp - CFO Marissa Vidaurri - Head, IR Conference Call Participants Angela Jin - JPMorgan Mehdi Hosseini - SIG Meta Marshall - Morgan Stanley Mark Delaney - Goldman Sachs Damian Karas - UBS Rob Mason - Baird Operator Good day and thank you for standing by. Welcome to the NI Q3 2022 Earnings Conference Call.
National Instruments (NATI) delivered earnings and revenue surprises of -3.64% and 0.29%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
AUSTIN, Texas--(BUSINESS WIRE)--NI (Nasdaq: NATI) today announced it will release its third quarter 2022 financial results on Thursday, October 27, 2022, at 4:00 p.m. Central Time. An audio webcast of the call and accompanying slides will be available in the investor relations section of the company website: ni.com/nati. What: NI Q3 2022 Earnings Conference Call When: Thursday, October 27, 2022, at 4:00 p.m. Central Time Where: The live webcast is available at http://investor.ni.com/events.cfm