LONDON (Dow Jones)--Chloride Group PLC (CHLD.LN), a manufacturer and seller of power supply systems and power conditioners, said Tuesday it intends to engage in talks with U.S. industrial technology company Emerson Electric Co. (EMR) to clarify certain aspects of its offer.

MAIN FACTS:

-Earlier, Emerson made an offer for the company at 375 pence per share.

-Shares of Chloride at 0941 GMT up 41.3 pence or 11.9%, at 389.8 pence, valuing the company at GBP1.03 billion.

-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com
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