According to Bloomberg, Aspen Technology (AZPN) approached by Emerson Electric (EMR)

  • October 7, 2021

POTENTIAL DEAL DETAILS

StockAspen Technology, Inc.SymbolAZPN
Date Announced10/06/2021Source Bloomberg
TypeNews Report
Date of Confirmation: 10/11/2021Price at Confirmation: $163.51
Potential Profit: 18.80%Annualized Profit: 1372.06%

Emerson Electric Co. (EMR) is in talks over a combination with Aspen Technology Inc. (AZPN) to create an industrial software giant, according to people with knowledge of the matter.

Update(s):

October 11, 2021: Emerson (EMR) and AspenTech (AZPN) announced that the companies have entered into a definitive agreement to contribute Emerson’s industrial software businesses, OSI Inc. and the Geological Simulation Software business to AspenTech

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