Emerson withdrew its offer to acquire Rockwell Automation for $29bn.

Emerson, a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets, withdrew its offer to acquire Rockwell Automation, an American provider of industrial automation and digital transformation technologies, for $29bn. "The Rockwell Board again rejected our offer, which would have delivered approximately $30bn of value to Rockwell shareholders. We are disappointed that the Rockwell Board refused even to discuss the potential combination of our two great companies. Instead of engaging in constructive dialogue, the Rockwell Board decided to let this unique and value-generative opportunity go unexplored," David N. Farr, Emerson Chairman and CEO.