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Stock impact report

Rockwell Automation Announces $400 Million Term Loan

Rockwell Automation, Inc. (ROK) 
Last rockwell automation, inc. earnings: 4/28 07:02 am Check Earnings Report
Company Research Source: Business Wire
Provides Additional Resilience to Rockwell’s Strong Liquidity Position MILWAUKEE--(BUSINESS WIRE)--Rockwell Automation, Inc. (NYSE: ROK) announced today that it has entered into a $400 million, 364-day term loan agreement, which will be used to provide funding for two previously announced acquisitions and for other general corporate purposes.In February of this year, Rockwell Automation announced the signing of agreements to acquire privately-held Kalypso, LP, a US-based software delivery and consulting firm, and Italy-based ASEM, S.p.A., a leading provider of digital automation technologies. These acquisitions are expected to close within the next few weeks.“Kalypso and ASEM are key investments for our company’s long-term growth and will help position our company for future success as markets recover,” said Blake Moret, chairman and chief executive officer of Rockwell Automation."We are pleased to have secured this additional short-term financing to support these acquisitions and Show less Read more
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