S&P: Emerson Electric unaffected

Standard & Poor's said that Emerson Electric Co.'s (A/stable/A-1) announcement that it has agreed to acquire Advocent Corp. (unrated) for about $1.2 billion will not affect the company's ratings or outlook.

The company expects the transaction to close around Jan. 1.

Advocent provides IT infrastructure management products and solutions for global data center customers. The acquisition would complement and enhance Emerson's Network Power product and service offerings, the agency said.

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