Friday February 10, 2012

Emerson to buy Avocent for $1.2 billion

NEW YORK (Reuters) – Industrial conglomerate Emerson Electric Co said it would buy network equipment technology provider Avocent Corp for about $1.2 billion in cash to expand its business that ensures the stability of large computer systems.

NEW YORK (Reuters) - Industrial conglomerate Emerson Electric Co said it would buy network equipment technology provider Avocent Corp for about $1.2 billion in cash to expand its business that ensures the stability of large computer systems.

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