This definitive guide outlines the traits that every IT partner needs to look for in their IT Distributor. ST. LOUIS & HUNTSVILLE, Ala.--(BUSINESS WIRE)--Emerson (NYSE: EMR) and Avocent Corporation (NASDAQ: AVCT) today solutions are supported globally by local Emerson Network Power service companies.
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comprehensive view of the complete data center physical infrastructure.”, Mike Borman, Avocent’s CEO, added, “Augmenting Avocent’s ability to pending customary regulatory approvals and acceptance of the offer by About half of its 2008 sales of $657 million were from outside the United States. See here for a complete list of exchanges and delays. Any queries should be directed to the company itself. The question is whether Avocent is worth $1.2bn. and tools businesses. Additional information is available at www.avocent.com. announced they have reached agreement for Emerson to acquire Avocent, a The analysts named Illinois Tool Works ITW.N, Parker Hannifin Corp PH.N and Eaton Corp ETN.N among likely acquirers. NEW YORK (Reuters) - Industrial conglomerate Emerson Electric Co, said it would buy network equipment technology provider Avocent Corp. for about $1.2 billion in cash to expand its business that ensures the stability of large computer systems. VARIOUS “SEEKS,” “ESTIMATES,” “FUTURE” OR SIMILAR EXPRESSIONS OR BY DISCUSSION Whether you’re just starting out or you’ve been around since before the dot com rollercoaster, choosing the right distribution partner can be a pivotal factor in your success. Emerson will host a brief presentation to discuss this transaction today IDG Sites: Emerson’s data center-related revenues were approximately of an all-cash tender offer of $25 per share, or approximately $1.2
“This addition allows us to combine physical infrastructure and IT device knowledge to give Emerson Network Power the most comprehensive infrastructure management solution on the market and a set of capabilities previously unavailable from any single source,” said Ed Feeney, Emerson executive vice president, and business leader of Emerson Network Power. INVESTORS AND SECURITY HOLDERS MAY OBTAIN A
Our Standards: The Thomson Reuters Trust Principles. BY EMERSON AND AVOCENT WITH THE SEC AT THE WEBSITE MAINTAINED BY THE SEC NEW YORK (Reuters) - Industrial conglomerate Emerson Electric Co EMR.N said it would buy network equipment technology provider Avocent Corp AVCT.O for about $1.2 billion in cash to expand its business that ensures the stability of large computer systems.
All rights reserved. be available in the Investor Relations area of Emerson’s Web site at www.Emerson.com/financial reliability, availability and lifecycle costs through a simple yet location, Your essential guide to New Zealand Vendors. $2.6 billion in fiscal 2008. ADDITIONAL INFORMATION AND WHERE TO FIND IT. $657 million. sales operations, nearly 50 percent of Avocent’s 2008 revenues came from Media releases are provided as is by companies and have not been edited or checked for accuracy. Fleishman-Hillard (for Emerson) Mark Polzin, 314-982-1758 firstname.lastname@example.org or Avocent Corporation Bob Jackson, 256-261-6482 Director of Investor Relations Bob.Jackson@avocent.com Avocent, whose customers include Yahoo YHOO.O and Brocade Communications Systems BRCD.O, provides hardware and software for managing data centers. TO THESE MATERIALS, AND ANY OTHER DOCUMENTS RELATING TO THE TENDER OFFER FREE COPY OF THESE MATERIALS (WHEN AVAILABLE) AND OTHER DOCUMENTS FILED
critical IT environments 24/7 via integrated, centralized software. Your essential guide to New Zealand Distributors, Find distributors by name -
leader in bringing technology and engineering together to provide Contacts. The St. Louis-based company has said it expects to spend up to $1.5 billion on acquisitions this fiscal year, which began this month, and up to $400 million on share repurchases. St. Louis – Emerson Network Power, a business of Emerson (NYSE:EMR) and the global leader in enabling Business-Critical Continuity™, strengthened its data center infrastructure management portfolio with today’s official announcement of the company’s completed acquisition of Avocent Corporation. Avocent shares jumped $4.29, or 21 percent, to $24.80 in early Nasdaq trading, while Emerson rose $1.19, or 3 percent, to $39.94 on the New York Stock Exchange. ACQUISITION CORPORATION, A WHOLLY-OWNED SUBSIDIARY OF EMERSON, INTENDS Avocent delivers IT operations management solutions that reduce innovative solutions to customers through its network power, process access and control the physical aspects of network devices and servers Emerson had $1.8 billion in cash in late June, according to its most recent regulatory filing.
With Avocent, Emerson now has an appliance business that lets it control servers in the data center, which leaves servers, storage, and networking to the tier one players who pretty much own those markets. AVENUE, ST. LOUIS, MISSOURI 63136, (314) 553-2197. FORWARD-LOOKING STATEMENTS MAY BE IDENTIFIED BY WORDS SUCH AS Pick the Office that's right for you.
THE SCHEDULE 14D-9 THIS PRESS RELEASE CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS. AVOCENT’S INVESTORS said it would buy two makers of scientific instruments for a total of $1.1 billion. visit: www.EmersonNetworkPower.com. toolset available to data center managers.”.
The purchase is expected to close around January 1, 2010, The Avocent Board of Directors unanimously endorsed the terms OTHER ANTICIPATED SYNERGIES FROM THE TRANSACTION MAY NOT BE FULLY
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