Emerson may issue debt via JPMorgan to help fund $29 billion buyout

By Susanna Moon

Chicago, Nov. 16 – Emerson Electric Co. plans to issue debt via JPMorgan to help finance its $29 billion proposed acquisition of Rockwell Automation, Inc.

Emerson’s chairman and chief executive officer, David N. Farr, sent a letter to Rockwell proposing to acquire all outstanding shares of Rockwell for $225 per share, consisting of $135 per share in cash and $90 per share in Emerson shares, according to a company announcement.

The cash part of the deal would be funded using a combination of balance sheet cash and newly issued debt.

The proposal is not contingent on financing, the company noted.

Emerson is a St. Louis-based technology and engineering company.

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