Investing.com -- Shares of Aspen Technology Inc (NASDAQ:AZPN) rose as much as 4% after activist investor Elliott Investment Management disclosed stake in the company.
Elliot has an investment of more than $1.5 billion in Aspen.
Elliot in an statement said, "As the largest minority investor in AspenTech, we disagree with the Company's decision to support a $265.00 per share tender offer by its majority stockholder, Emerson (NYSE:EMR), to buy the AspenTech shares it does not already own. Emerson's offer is highly opportunistic and substantially undervalues the Company. Elliott has no intention of tendering its shares at the current price."
Related Articles
AZPN gains after activist investor Elliott disclosed stake
Eli Lilly's rating gets an upgrade to Aa3 by Moody's Ratings
BofA to buy $9 billion residential mortgage loan from Canada's TD, source says
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。