The companies announced Monday that Emerson Electric will buy the remaining shares of AspenTech for $265 per share in an all-cash offer, valuing the minority stake being acquired at $7.2 billion.
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GlobalData on MSNEmerson Electric makes bid to acquire full stake in AspenTechEmerson Electric has offered to purchase the remaining shares of AspenTech it doesn't own, valuing the deal at $15.1bn, in a ...
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Emerson Acquires Remaining Stake in AspenTech to Boost PortfolioPer 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 ...
Emerson issued the following statement: The tender offer provides AspenTech minority stockholders the opportunity to tender their shares at a compelling and certain value of $265 per share in cash.
(Reuters) -U.S. industrial company Emerson Electric agreed to pay $7.2 billion to buy the remaining shares in software supplier AspenTech that it does not already own, the companies said on Monday.
Emerson, with an existing ownership of approximately 57.4% of AspenTech’s outstanding shares, will make a tender offer to purchase the remaining issued and outstanding shares of common stock of ...
First announced on Jan. 27, the tender offer results from months of talks with AspenTech's independent Special Committee. Emerson said the offer will not be raised and that March 10 is the ...
AspenTech is an industry leader in asset optimization software, providing solutions that enable industrial users to design, operate, and maintain their manufacturing processes for maximum ...
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.
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