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	<title>Stock Blog Hub &#187; Avocent Corporation</title>
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		<title>(EMR) Emerson Electric Company to Acquire Avocent Corporation</title>
		<link>http://www.stockbloghub.com/2009/10/07/emr-emerson-electric-company-to-acquire-avocent-corporation/17084</link>
		<comments>http://www.stockbloghub.com/2009/10/07/emr-emerson-electric-company-to-acquire-avocent-corporation/17084#comments</comments>
		<pubDate>Wed, 07 Oct 2009 19:40:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Equipment & Components]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[AVCT]]></category>
		<category><![CDATA[Avocent Corporation]]></category>
		<category><![CDATA[BRCD]]></category>
		<category><![CDATA[Brocade Communications Systems Inc]]></category>
		<category><![CDATA[Emerson Electric Company]]></category>
		<category><![CDATA[EMR]]></category>
		<category><![CDATA[Yahoo! Inc.]]></category>
		<category><![CDATA[YHOO]]></category>

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		<description><![CDATA[Earlier today, Emerson Electric Co. (EMR) announced that it has reached an agreement to acquire network equipment technology provider Avocent Corp. (AVCT) for $1.2 billion in cash. Emerson will pay $25 per share for Avocent, which is a 22% premium to Monday’s closing price. Emerson believes this acquisition will further its ability to deliver total infrastructure management solutions to its data center customers around the world. Avocent has global manufacturing, research and development and sales operations and almost half of its 2008 sales came from outside the U.S. Emerson generated $2.6 billion in sales (approximately 11% of total revenue) in 2008 from its data center-related operations. The transaction, which is expected to close around Jan 1, 2010, will further expand Emerson’s product offering to data center managers and create significant ]]></description>
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