National Instruments (NASDAQ:NATI) ticked up 0.6% in after-hours trading after a Nasdaq delisting notice for its planned sale to Emerson Electric (NYSE:EMR).
The deal is scheduled to close prior to the market opening on Wednesday, according to a Nasdaq delisting notice on Friday. The stock will be halted following the after-hours session on Tuesday.
The delisting notices come a month after Emerson’s (EMR) planned $8.2 billion purchase of National Instruments (NATI) was approved by China’s antitrust regulator. The deal also received clearance from European antitrust authorities last month.
Emerson (EMR) agreed in April to buy National Instruments (NATI) for $60 a share in cash and stock.
