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Emerson and AspenTech have entered into an agreement to contribute Emerson’s industrial software businesses to AspenTech to create a diversified, high-performance industrial software leader with greater scale, capabilities, and technologies.
Emerson (www.Emerson.com) to Receive 55% Stake of New AspenTech; AspenTech Shareholders to Receive Approximately $87 Per Share in Cash and 0.42 Shares of New AspenTech
ST. LOUIS, Missouri & BEDFORD, Massachusetts--(BUSINESS WIRE)--Oct 11, 2021--
Emerson Electric will buy a majority stake in AspenTech and merge its own industrial software units into the target in a transaction with an equity value of $11 billion that was crafted by respective legal advisers Davis Polk and Skadden, the companies said Monday.
ST. LOUIS, Missouri & BEDFORD, Massachusetts--(BUSINESS WIRE)--Oct 11, 2021--