Elliott Statement on Aspen Technology, Inc.

CNW Group

02-07

WEST PALM BEACH, Fla., Feb. 7, 2025 /CNW/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $1.5 billion in Aspen Technology, Inc. (NASDAQ: AZPN) (the "Company" or "AspenTech"), today issued the following statement regarding the Company's recently announced agreement with Emerson Electric Co. (NYSE: EMR) ("Emerson"):

Elliot logo (PRNewsfoto/Elliott Advisors (UK) Limited)

"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, to acquire 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."

About Elliott

Elliott Investment Management L.P. (together with its affiliates, "Elliott") manages approximately $69.7 billion of assets as of June 30, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

Media Contact

Alice Best
Elliott Advisors (UK) Limited
T: +44 203 009 1715
abest@elliottadvisors.co.uk

View original content to download multimedia:https://www.prnewswire.com/news-releases/elliott-statement-on-aspen-technology-inc-302371199.html

SOURCE Elliott Investment Management L.P.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/07/c7607.html

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(\"Elliott\"), which manages funds that together have an investment of more than <span>$1.5 billion</span> in <a href=\"https://laohu8.com/S/1F3.SI\">Aspen</a> Technology, Inc. (NASDAQ: AZPN) (the \"Company\" or \"AspenTech\"), today issued the following statement regarding the Company's recently announced agreement with Emerson Electric Co. (NYSE: EMR) (\"Emerson\"):</p>\n<div>\n<p> <img src=\"https://s.yimg.com/uu/api/res/1.2/w7vIbi3xwyjTM5TQyLZxYA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/cnwgroup.com/b7984d48abcfbaca3b2ddd4f3e93e121\" title=\"Elliot logo (PRNewsfoto/Elliott Advisors (UK) Limited)\"/> </p>\n</div>\n<p>\"As the largest minority investor in AspenTech, we disagree with the Company's decision to support a <span>$265.00</span> per share tender offer by its majority stockholder, Emerson, to acquire 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.\"</p>\n<p><b>About Elliott</b></p>\n<p>Elliott Investment Management L.P. (together with its affiliates, \"Elliott\") manages approximately $69.7 billion of assets as of June 30, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.</p>\n<p><b>Media Contact<br/></b></p>\n<p><span>Alice Best</span><br/>Elliott Advisors (UK) Limited<br/>T: +44 203 009 1715<br/>abest@elliottadvisors.co.uk<br/><br/><br/></p>\n<p><img height=\"12\" src=\"https://s1.yimg.com/uu/api/res/1.2/4O6zCxngUKkYVbdGtOIFnQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/cnwgroup.com/e151c8238d4818610acf1571d89cddac\" title=\"Cision\" width=\"12\"/> View original content to download multimedia:https://www.prnewswire.com/news-releases/elliott-statement-on-aspen-technology-inc-302371199.html</p>\n<p>SOURCE Elliott Investment Management L.P.</p>\n<p><img height=\"12\" src=\"https://s.yimg.com/uu/api/res/1.2/pDdYMfSEnZHa1NuwLs0BSw--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/cnwgroup.com/1efbe429962c0f2a0775e9d3256b235a\" title=\"Cision\" width=\"12\"/> View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/07/c7607.html</p>\n</div></body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Elliott Statement on Aspen Technology, Inc.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElliott Statement on Aspen Technology, Inc.\n</h2>\n<h4 class=\"meta\">\n</h4><p class=\"head\">\n<strong class=\"h-name small\">CNW Group</strong><span class=\"h-time small\">2025-02-07 22:00</span>\n</p>\n</header>\n<article>\n<div>\n<p><span><span>WEST PALM BEACH, Fla.</span></span>, <span><span>Feb. 7, 2025</span></span> /CNW/ -- Elliott Investment Management L.P. (\"Elliott\"), which manages funds that together have an investment of more than <span>$1.5 billion</span> in <a href=\"https://laohu8.com/S/1F3.SI\">Aspen</a> Technology, Inc. (NASDAQ: AZPN) (the \"Company\" or \"AspenTech\"), today issued the following statement regarding the Company's recently announced agreement with Emerson Electric Co. (NYSE: EMR) (\"Emerson\"):</p>\n<div>\n<p> <img src=\"https://s.yimg.com/uu/api/res/1.2/w7vIbi3xwyjTM5TQyLZxYA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/cnwgroup.com/b7984d48abcfbaca3b2ddd4f3e93e121\" title=\"Elliot logo (PRNewsfoto/Elliott Advisors (UK) Limited)\"/> </p>\n</div>\n<p>\"As the largest minority investor in AspenTech, we disagree with the Company's decision to support a <span>$265.00</span> per share tender offer by its majority stockholder, Emerson, to acquire 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.\"</p>\n<p><b>About Elliott</b></p>\n<p>Elliott Investment Management L.P. (together with its affiliates, \"Elliott\") manages approximately $69.7 billion of assets as of June 30, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.</p>\n<p><b>Media Contact<br/></b></p>\n<p><span>Alice Best</span><br/>Elliott Advisors (UK) Limited<br/>T: +44 203 009 1715<br/>abest@elliottadvisors.co.uk<br/><br/><br/></p>\n<p><img height=\"12\" src=\"https://s1.yimg.com/uu/api/res/1.2/4O6zCxngUKkYVbdGtOIFnQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/cnwgroup.com/e151c8238d4818610acf1571d89cddac\" title=\"Cision\" width=\"12\"/> View original content to download multimedia:https://www.prnewswire.com/news-releases/elliott-statement-on-aspen-technology-inc-302371199.html</p>\n<p>SOURCE Elliott Investment Management L.P.</p>\n<p><img height=\"12\" src=\"https://s.yimg.com/uu/api/res/1.2/pDdYMfSEnZHa1NuwLs0BSw--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/cnwgroup.com/1efbe429962c0f2a0775e9d3256b235a\" title=\"Cision\" width=\"12\"/> View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/07/c7607.html</p>\n</div>\n<div class=\"bt-text\">\n<p> 來源：<a href=\"https://finance.yahoo.com/news/elliott-statement-aspen-technology-inc-140000005.html\">CNW Group</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2355687059.USD","symbol_name":"NORDEA 1 GLOBAL IMPACT  \"BP\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/elliott-statement-aspen-technology-inc-140000005.html","article_id":"2509415787","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509415787","pubTimestamp":1738936800,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"WEST PALM BEACH, Fla., Feb. 7, 2025 /CNW/ -- Elliott Investment Management L.P. , which manages funds that together have an investment of more than $1.5 billion in Aspen Technology, Inc.  , today issued the following statement regarding the Company's recently announced agreement with Emerson Electric Co.  :. \"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, to acquire 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.\". Elliott Investment Management L.P.  manages approximately$69.7 billionof assets as ofJune 30, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2355687059.USD":"NORDEA 1 GLOBAL IMPACT  \"BP\" (USD) ACC","EMR":"艾默生电气","BK4205":"房地产经营公司","BK4543":"AI","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","BK4588":"碎股","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","BK4096":"电气部件与设备","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","BK4233":"房地产运营公司","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","AZPN":"艾斯本","IE00BVYPNW00.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) ACC","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BK4528":"SaaS概念","BK4597":"股息贵族","BK4023":"应用软件","UK":"优客工场","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)"},"translate_title":"埃利奥特关于阿斯彭技术公司的声明。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EMR":1,"UK":1,"AZPN":1},"content_text":"WEST PALM BEACH, Fla., Feb. 7, 2025 /CNW/ -- Elliott Investment Management L.P. (\"Elliott\"), which manages funds that together have an investment of more than $1.5 billion in Aspen Technology, Inc. (NASDAQ: AZPN) (the \"Company\" or \"AspenTech\"), today issued the following statement regarding the Company's recently announced agreement with Emerson Electric Co. (NYSE: EMR) (\"Emerson\"):\n\n  \n\n\"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, to acquire 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.\"\nAbout Elliott\nElliott Investment Management L.P. (together with its affiliates, \"Elliott\") manages approximately $69.7 billion of assets as of June 30, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.\nMedia Contact\nAlice BestElliott Advisors (UK) LimitedT: +44 203 009 1715abest@elliottadvisors.co.uk\n View original content to download multimedia:https://www.prnewswire.com/news-releases/elliott-statement-on-aspen-technology-inc-302371199.html\nSOURCE Elliott Investment Management L.P.\n View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/07/c7607.html","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}