AZPN News & Events

Emerson (EMR) announced that it has completed its acquisition of all outstanding shares of common stock of Aspen Technology (AZPN) not already owned by Emerson. With the completion of the acquisition, AspenTech is now a wholly owned subsidiary of Emerson.

Albertsons Companies (ACI) will replace Aspen Technology (AZPN) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, March 11. S&P 500 constituent Emerson Electric Co. (EMR) is acquiring Aspen Technology in a deal expected to be completed soon, pending final closing conditions.

Elliott Investment Management, which manages funds that together have an investment of more than $1.5B in Aspen Technology (AZPN) issued the following statement regarding the tender offer by Emerson (EMR) for all AspenTech shares it does not currently own: "Emerson's proposal to acquire AspenTech is clearly the result of a conflicted and deeply flawed process, bearing all the hallmarks of an opportunistic minority squeeze-out. Furthermore, Emerson's public statements and actions leading up to the commencement of the Tender Offer underscore its coercive intent toward minority stockholders. This transaction is unfair to minority stockholders, and we intend to pursue all appropriate remedies against Emerson."