Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Emerson Electric has announced plans to acquire the remaining shares of Aspen Technology, valued at $7.2 billion. This acquisition aims to consolidate Emerson's stake in AspenTech, a company specializing in optimizing asset-intensive industries such as oil and gas and chemicals, and which reported $1 billion in revenue for the last fiscal year. The deal has drawn attention from AspenTech shareholders, with some expressing opposition and urging potential legal claims regarding the adequacy of the proposed sale process. The acquisition reflects Emerson's strategy to leverage vertical markets and the transformative potential of artificial intelligence in its operations.
This purchase of Aspen Technology $AZPN by Emerson Electric $EMR reminded me of a couple of insider purchases by the CEO and a director of the company in November 2023. It was the director Arthur Golden's purchase that caught my attention because he was a M&A attorney and had… https://t.co/tsjIgq4qOe https://t.co/jezIuP60me
米エマソン、アスペンテックの未保有株72億ドルで取得へ https://t.co/e72pum4lzd https://t.co/e72pum4lzd
ASPEN TECHNOLOGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Aspen Technology, Inc. - AZPN https://t.co/DOdo4zKGgJ https://t.co/WjWleyLIaj
