Emerson issued the following statement: The tender offer provides AspenTech minority stockholders the opportunity to tender their shares at a compelling and certain value of $265 per share in cash.

(Reuters) -U.S. industrial company Emerson Electric agreed to pay $7.2 billion to buy the remaining shares in software supplier AspenTech that it does not already own, the companies said on Monday.

Aspen Technology Q4 FY24 revenue of $342.9M surpassed the consensus of $319.16M; adjusted EPS of $2.37 exceeded the street view of $2.08. AspenTech's FY25 outlook includes adjusted EPS of ~$7.47 vs.

WEST PALM BEACH - Elliott Investment Management L.P., managing funds worth over $1.5 billion in Aspen Technology, Inc. (NASDAQ: NASDAQ:AZPN), today expressed its opposition to the tender offer made by ...

ST. LOUIS and BEDFORD, Mass., Jan. 27, 2025 /PRNewswire/ -- Emerson (NYSE: EMR) and Aspen Technology, Inc. (NASDAQ: AZPN) ("AspenTech") today announced that they have reached an agreement under which ...

Emerson CEO Lal Karsanbhai speaks during an interview on Wednesday, Oct. 23, 2024, at the company's Ferguson headquarters. Global technology and automation company Emerson announced Monday that it ...

In a significant consolidation within the industrial software sector, Emerson Electric Co. (NYSE:EMR), a $62.4 billion market cap industrial giant with impressive gross profit margins of 52.4%, has ...

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN) (“AspenTech” or “the Company”), a global leader in industrial software, today announced that it has entered into a definitive ...

Emerson Electric Co.EMR-1.83%decrease; red down pointing triangle plans to merge two of its software businesses with Aspen Technology Inc. in a roughly $11 billion deal aimed at capturing growing ...

Conceived out of a Massachusetts Institute of Technology (MIT) and U.S. Department of Energy Project back in 1981, Aspen Technology – or AspenTech (NASDAQ: AZPN) – is no stranger to the level of ...