ST. LOUIS (KMOX) – We have a statement from Emerson Electric CEO David Farr.

The Ferguson-based company he leads is withdrawing its $29 billion offer to acquire Rockwell automation. Farr says he’s disappointed that “the Rockwell board refused even to discuss the potential combination of our two great companies.”

A combined Rockwell and Emerson would be a giant in the field of manufacturing automation technology.

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