The St Louis Business Journal (Free subscription) | 04/06/2008
Emerson Electric Co. said Wednesday it has withdrawn its pursuit of Chloride Group PLC after the London-based provider of power solutions rejected Emerson's second attempt to buy the company. (EMR)
Market Watch (Free subscription) | 04/06/2008
LONDON (MarketWatch) -- Shares in Chloride Group fell 11.1% Wednesday to 252 pence a share after Emerson Electric Co. said it's no longer interested in buying the company. In a statement Emerson said it's most recent proposal to Chloride was worth 270 pence a share, or a 64% premium to the March 17 closing price before Emerson first announced its interest. But Emerson said the approach was rejected...
Data Center Knowledge (Free subscription) | 04/06/2008
Emerson Electric Co (EMR) has halted its efforts to acquire Britain's Chloride Group (CHLD) after its latest improved takeover offer of $1.37 billion was rejected, the company said early Wednesday. Shares of Chloride, one of Europe's leading providers of uninterruptible power supply (UPS) systems,... Read more at our web site
New York Times (Free subscription) | 13/05/2008
The Chloride Group, the largest maker of backup power supplies in Europe, rejected a preliminary $1.3 billion takeover approach from the Emerson Electric Company of St. Louis, setting off a 35 percent gain in its share price.
The St Louis Business Journal (Free subscription) | 13/05/2008
Emerson Electric Co.'s preliminary cash offer to purchase London-based Chloride Group PLC for US$1.29 billion was rejected, according to a Chloride regulatory announcement. (EMR)
