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Why Shares in National Instruments Soared This Week

Lee Samaha, The Motley Fool
Updated ·2-min read
Why Shares in National Instruments Soared This Week

Shares in software-connected automated test and measurement company National Instruments, or NI (NASDAQ: NATI), rose more than 10% in the week to Thursday morning, according to S&P Global Market Intelligence. On Wednesday, NI's suitor, Emerson Electric (NYSE: EMR), announced it had reached a definitive agreement to acquire the company for $60 per share in cash, valuing the company at $8.2 billion. As previously discussed, Emerson Electric was the likely winner out of the bidding process.

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