BUZZ-Emerson rises on offer to acquire AspenTech shares

Reuters
05 Nov 2024

** Shares of Emerson Electric rise 6% to $116 premarket

** EMR proposes to acquire the remaining outstanding shares of common stock of Aspen Technologies for $240 per share in cash

** EMR also says it is starting to explore strategic alternatives, including cash sale, for its Safety & Productivity unit

** Up to last close, stock up 13% YTD

(Reporting by Anshuman Tripathy in Bengaluru)

((Anshuman.Tripathy@thomsonreuters.com;))

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