On Tuesday, Shares of Emerson Electric Co. (NYSE:EMR), subtract 0.84% and closed at $53.35 in the last trading session. The last trading range of the stock ranges between $53.25 and $53.89. Emerson (EMR) recently declared it has agreed to acquire UK-based Permasense Limited, a leading provider of non-intrusive corrosion monitoring technologies for the offshore and onshore oil production, refining, chemical, power, pipelines, metals and mining and other industries. Permasense® monitoring systems use unique sensor technology, wireless data delivery and advanced analytics to continuously monitor for metal loss from corrosion or erosion in pipes, pipelines or vessels, and reliably deliver high-integrity data from even the harshest environments.
The acquisition represents another step forward in Emerson’s strategy to invest in its core business platforms and expand in markets that hold noteworthylong-term growth opportunity.
“Corrosion and erosion can significantly impact the safe and reliable operation of our industrial customers’ infrastructure, which can have dire consequences. Wireless non-intrusive corrosion monitoring is a transformational shift that assists customers right away understand the health and integrity of their infrastructure in real-time and facilitate them to fully optimize their operations while maximizing safety,” said Mike Train, president, Emerson Automation Solutions. “For example, with the increasing complexity of the types of crude oil coming into a refinery, corrosion is becoming a noteworthyissue in the uptime and profitability of a refinery. Now refinery infrastructure can be monitored and controlled using this non-intrusive technology.”
Mobil’nye Telesistemy PAO (ADR)(NYSE:MBT), dropped -0.89% and closed at $7.79 in the last trading session. The last trading range of the stock ranges between $7.75 and $7.91. The company’s Market capitalization is $7.51 Billion with the total Outstanding Shares of 1.99 billion. Mobile TeleSystems PJSC (“MTS” or the “Company” – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, declares the decisions reached at the Company’s Extraordinary General Meeting of Shareholders (the “EGM”) held on September 30, 2016.
Amgen, Inc. (NASDAQ:AMGN), gained 0.13% and closed at $167.55 in the last trading session. The last trading range of the stock ranges between $167.14 and $168.69. During the 52-week trading session the minimum price at which share price traded, registered at $138.06 and reached to max level of $176.85. – Amgen (AMGN) will take part in a call hosted by Citi at 8 a.m. PT on Friday, Oct. 7, 2016. Sean E. Harper, M.D., executive vice president of Research and Development (R&D) at Amgen, will discuss recent developments within the Company’s R&D. Live audio of the call can be accessed from the Events Calendar on Amgen’s website.