Stock Track | Aspen Technology Soars on Emerson's $15.3B Buyout Proposal

Stock Track

Nov 05, 2024

Shares of Aspen Technology (AZPN) surged 5.5% in pre-market trading on Monday, November 5, 2024, after Emerson Electric (EMR) proposed to acquire the remaining outstanding shares of the industrial software company that it doesn't already own for $240 per share in cash.

Emerson, which already owns approximately 57% of AZPN's outstanding common stock after acquiring a majority stake in 2022, said the proposed transaction implies a fully diluted market capitalization for AZPN of $15.3 billion and an enterprise value of $15.1 billion. The offer price represents a 35% premium over AZPN's undisturbed share price of $177.84 as of August 6, 2024.

The acquisition would strengthen Emerson's automation software portfolio by making AZPN a wholly-owned subsidiary. Emerson expects the impact of the proposed transaction, including synergies, to be earnings-neutral for its fiscal 2025.

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The offer price represents a 35% premium over AZPN's undisturbed share price of $177.84 as of August 6, 2024.</p>\n\n<p>The acquisition would strengthen Emerson's automation software portfolio by making AZPN a wholly-owned subsidiary. Emerson expects the impact of the proposed transaction, including synergies, to be earnings-neutral for its fiscal 2025.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AZPN","symbol_name":"艾斯本","start_time":0,"source_url":"","article_id":"1138889917","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1138889917","pubTimestamp":1730812719,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Aspen Technology  surged 5.5% in pre-market trading on Monday, November 5, 2024, after Emerson Electric  proposed to acquire the remaining outstanding shares of the industrial software company that it doesn't already own for $240 per share in cash.Emerson, which already owns approximately 57% of AZPN's outstanding common stock after acquiring a majority stake in 2022, said the proposed transaction implies a fully diluted market capitalization for AZPN of $15.3 billion and an enterprise","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AZPN":"艾斯本"},"translate_title":"艾默生15.3 B美元收购提案导致Aspen Technology股价飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AZPN":1},"content_text":"Shares of Aspen Technology (AZPN) surged 5.5% in pre-market trading on Monday, November 5, 2024, after Emerson Electric (EMR) proposed to acquire the remaining outstanding shares of the industrial software company that it doesn't already own for $240 per share in cash.\nEmerson, which already owns approximately 57% of AZPN's outstanding common stock after acquiring a majority stake in 2022, said the proposed transaction implies a fully diluted market capitalization for AZPN of $15.3 billion and an enterprise value of $15.1 billion. 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