AGREEMENT AND PLAN OF MERGER dated as of October 5, 2009 among AVOCENT CORPORATION, EMERSON ELECTRIC CO. and GLOBE ACQUISITION CORPORATIONMerger Agreement • October 7th, 2009 • Avocent Corp • Computer peripheral equipment, nec • Delaware
AGREEMENT AND PLAN OF MERGER (this “Agreement”) dated as of October 5, 2009, among AVOCENT CORPORATION, a Delaware corporation (the “Company”), EMERSON ELECTRIC CO., a Missouri corporation (“Parent”), and GLOBE ACQUISITION CORPORATION, a Delaware corporation and a wholly-owned subsidiary of Parent (“Merger Subsidiary”).
EMERSON TO ACQUIRE AVOCENT CORPORATION Agreement Broadens Network Power’s Data Center Management CapabilitiesAcquisition Agreement • October 7th, 2009 • Avocent Corp • Computer peripheral equipment, nec
ST. LOUIS, MO, and HUNTSVILLE, AL; OCTOBER 6, 2009 – Emerson (NYSE: EMR) and Avocent Corporation (NASDAQ: AVCT) today announced they have reached agreement for Emerson to acquire Avocent, a transaction that will further Emerson’s ability to deliver total infrastructure management solutions to its data center customers around the world. The Avocent Board of Directors unanimously endorsed the terms of an all-cash tender offer of $25 per share, or approximately $1.2 billion. The purchase is expected to close around January 1, 2010, pending customary regulatory approvals and acceptance of the offer by Avocent stockholders holding a majority of Avocent shares.
