Statement re Share Price Movement

Posted 21 June 2012







RNS Number : 8481F
Invensys PLC
21 June 2012
 

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21 June 2012

 

Statement re Share Price Movement

 

Invensys plc (the "Company" or the "Group") notes the recent press speculation in relation to the Company and the subsequent movement in its share price.

 

The Company regularly assesses the value of its portfolio of businesses both as part of its strategic planning process and in response to expressions of interest in relation to certain parts of the Group.  In this context, the Company confirms that it has been in highly preliminary discussions with third parties.  These discussions, however, are no longer ongoing.

 

The Company also confirms that, whilst it had previously received a highly preliminary approach from Emerson Electric Co. ("Emerson") for the Group, these discussions are no longer ongoing. Furthermore there are no other discussions taking place in relation to an offer for the Group.

 

Emerson is presently subject to the restrictions laid out in note 4 of Rule 2.2 of the Takeover Code.

 

Contact:

Invensys plc             Steve Devany                    tel: +44 (0) 20 3155 1301

 

FTI Consulting        Andrew Lorenz

                             Richard Mountain                tel: +44 (0) 20 7269 7291

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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