Reported 3 days ago
Emerson Electric has announced an all-cash deal to acquire the remaining minority stake in Aspen Technology for $7.2 billion, valuing AspenTech at $17 billion. The agreement includes a tender offer of $265 per share, and follows Emerson's existing 57% ownership of AspenTech. The transaction is expected to close in the first half of 2025, pending approval from AspenTech's minority shareholders, and will result in AspenTech becoming a wholly owned subsidiary of Emerson.
Source: YAHOO