Reported 1 day ago
Emerson Electric has agreed to purchase the remaining shares of AspenTech it does not own for $7.2 billion, offering $265 per share in an all-cash deal. This acquisition will increase Emerson's current 57% stake, reinforcing its focus on industrial automation. The deal, expected to close in the first half of 2025, values AspenTech at $16.8 billion and represents a 10.4% premium over Emerson's previous offer.
Source: YAHOO