News

Activist investor Elliott Investment Management said on Friday it doesn’t agree with the price offered by Emerson Electric to acquire Aspen Technology, Inc. and considers it highly opportunistic.
Shares of Aspen Technology Inc (AZPN) traded over 2% lower in Monday’s pre-market session after Emerson Electric Co (EMR) said the $265 per share price for acquiring all outstanding shares of ...
Emerson Electric (NYSE:EMR) agreed to buy the shares of Aspen Technology (NASDAQ:AZPN) it didn’t own in a deal that values the software company’s remaining stake at $7.2 billion.
Summary. I reiterate a “Strong Buy” rating on Emerson Electric Co. with a one-year target price of $150 per share, driven by its strategic acquisition of Aspen Technology, Inc.
Aspen Technology shares were up more than 3% Monday morning to a record $263.64 and have risen about 30% in the last year. Shares of Emerson Electric dropped about 1.5% on the news, but they ...
(Reuters) - Emerson Electric said on Monday that its $265 per-share offer to acquire Aspen Technology was its "best and final" price. The announcement comes days after activist investor Elliott ...
(RTTNews) - Elliott Investment Management L.P., Friday opposed Aspen Technology, Inc.'s (AZPN) agreement with Emerson Electric Co. (EMR) and said the offer is highly opportunistic and ...
Shares of Aspen Technology fell Monday after Emerson Electric said its offer price of $265 per share is its best and final. This came after activist investor Elliott Management said last week that ...
Emerson Electric's Q4 sales rose 13% to $4.62B, surpassing expectations; adjusted EPS was $1.48, up 15% year-over-year. FY25 outlook includes net sales growth of 3.5%-5.5% and adjusted EPS of $5. ...
(Reuters) -Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on industrial ...
Emerson, which owns 57% of Aspen, ... (Reuters) - Emerson Electric said on Monday that its $265 per-share offer to acquire Aspen Technology was its "best and final" price.
Feb 10 (Reuters) - Emerson Electric , opens new tab said on Monday that its $265 per-share offer to acquire Aspen Technology , opens new tab was its "best and final" price.