Mergers and acquisitions among manufacturers are poised to accelerate, building on the biggest quarter for global deal making since 2007, as companies focus on growth after years of cost cuts, consultant PwC said.
Emerson Electric Co., the U.S. electrical products maker seeking to acquire Chloride Group Plc , plans to raise its 275 pence ($3.97) a share offer after Emerson Chairman David Farr met with the U.K. company’s shareholders, the Sunday Times reported.
Emerson Electric Co., the electrical- products maker seeking to acquire Chloride Group Plc, fell the most in a year after reporting second-quarter sales that trailed estimates and data showed Chinese manufacturing was slowing.
Emerson Electric Co . offered to buy Chloride Group Plc for 997 million pounds ($1.5 billion) in an effort to derail ABB Ltd .’s planned takeover of Britain’s biggest maker of gear to protect against power outages.
U.S. companies including Ford Motor Co. and Microsoft Corp. are poised to boost business investment to a record in 2014, using a growing cash hoard to propel corporate spending past last year’s $2 trillion.