Reported 20 days ago
Emerson Electric has proposed a $15.1 billion acquisition of the remaining shares of AspenTech, aiming to strengthen its focus on industrial automation. The offer includes $240 per share, valuing AspenTech at a premium, as Emerson seeks full ownership after previously merging its software units with AspenTech in 2021. The offer is contingent on a review by AspenTech's board, while Emerson is also exploring divesting its Safety & Productivity unit and plans significant stock buybacks.
Source: YAHOO