- Emerson Electric (EMR -0.8%) is poised to buy Spectronix, an Israeli company which develops fire detection systems, for $99M, Globes reports.
- The purchase price consists of $79M in cash and $20M that will be distributed to investors as a dividend.
- Spectronix's 2014 revenue totaled $40.1M; net profit totaled $5.3M.
Emerson to buy Spectronix for $99M
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| Symbol | Last Price | % Chg |
|---|---|---|
| EMR | - | - |
| Emerson Electric Co. | ||