Aspen Technology, Emerson Electric
Wall Street Journal · 1d
Aspen Technology Shares Drop After Emerson Says Offer Best and Final
Shares of Aspen Technology fell Monday after Emerson Electric said its offer price of $265 per share is its best and final. This came after activist investor Elliott Management said last week that it had built a big stake in AspenTech and opposed the company’s decision to accept Emerson's offer,
AOL · 1d
Emerson says $265 per-share bid for Aspen is 'best and final'
The announcement comes days after activist investor Elliott Management said it invested over $1.5 billion in Aspen, opposing the company's decision to accept Emerson's $7.2 billion tender offer. "Our break price is ~$202 (though there is above-average difficulty in pinning it down),
Yahoo Finance · 1d
Aspen Technology Upgraded Amid Takeover Dispute with Emerson
With a more than $1.5 billion Emerson holding, Elliott has claimed that the $265-per-share offer undervalues Aspen Tech and is advocating a larger proposal. Mark Schappel, a Loop Capital analyst, said Elliott is probably going to persuade enough minority investors Aspen Tech is worth far more than Emerson's current offer.
Merger-arbitrage traders are piling into bets that the emergence of Elliott Investment Management as an investor in Aspen ...
Global technology giant Emerson reaffirmed its $7.2 billion offer to acquire the remaining shares of AspenTech, stating ...
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