AspenTech, Emerson
After 31 years as a publicly-traded Massachusetts company, Aspen Technology has ceased to exist as an independent firm.
The acquisition of a remaining stake in AspenTech will allow Emerson to penetrate new markets and boost its automation portfolio.
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Emerson to acquire remaining shares of AspenTech for $7.2bnEmerson, an automation technology provider, has agreed to acquire the remaining shares it doesn’t own of software supplier AspenTech for $265 per share in an all-cash tender offer. The minority ...
An AspenTech investor has filed a lawsuit to stop the company's acquisition by its majority shareholder. In a complaint filed in state Superior Court last week, investor Melissa Latham claimed ...
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 $ ...
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