Emerson Electric Co. EMR recently acquired all outstanding shares of Aspen Technology, Inc.’s (AZPN) (AspenTech) common stock that it did not already own. It is worth noting that EMR acquired a ...
LOUIS, March 12, 2025 /PRNewswire/ -- Emerson (NYSE: EMR) today announced that it has completed its acquisition of all outstanding shares of common stock of Aspen Technology, Inc. ("AspenTech ...
Per the deal, EMR will offer $265 in cash for each of the remaining shares of AspenTech. This transaction values the to-be-acquired company at a market capitalization of $17.0 billion, with an ...
AspenTech is now a wholly owned subsidiary of Emerson. Antonio Pietri will retire from his role as CEO of AspenTech. Vincent Servello has been appointed to lead the AspenTech business unit as ...
An investor is claiming that Clayton-based Emerson Electric Co.'s proposed acquisition of AspenTech is unfair to AspenTech's investors, that the proposed $7.2 billion deal undervalues the company ...
Emerson said on Monday that the price had been actively negotiated between the company and the AspenTech Special Committee for almost three months. “The Special Committee took advice from its ...
The company said $265 per share price is Emerson's best and final price which was actively negotiated over a period of almost three months between Emerson and the AspenTech Special Committee.
With this move, AspenTech becomes a fully owned subsidiary of Emerson. According to InvestingPro data, Emerson maintains strong financial health with a Piotroski Score of 7 and annual revenue of $ ...