Elliott Investment Calls Emerson’s $265 Apiece Offer For Aspen Tech Shares ‘Highly Opportunistic:’ Retail’s On Wait-And-Watch Mode
Emerson said it will acquire all outstanding shares of common stock of Aspen Technology not already owned by it for $265 per share in cash, valuing the minority stake at $7.2 billion. Meanwhile, Elliott said it has invested more than $1.5 billion in Aspen.