Why National Instruments Stock Soared Today
Shares of National Instruments Corporation (NASDAQ: NATI) were soaring Tuesday morning, up 13.4% as of 10:32 a.m. ET.
National Instruments -- which makes test-and-measurement software and solutions for engineers in the semiconductor, aerospace & defense, transportation, and government sectors -- received a buyout offer this morning from Emerson Electric (NYSE: EMR).
While it's not clear if the company will agree to the offer, it's certainly nice to be wanted. Its share price had actually appreciated up to a slightly higher level than the overall buyout offer at one point this morning, which suggests investors think other parties might make a higher counteroffer, or that National Instruments might be able to negotiate a higher price.
Source Fool.com
