Aspen Technology's (AZPN) largest minority investor Elliott Investment Management plans to oppose Emerson Electric's (EMR) offer to buy the Aspen shares it does not already own at $265 each in cash, Bloomberg News reported Friday, citing sources with knowledge of the details.
Elliott Investment Management has an over $1.50 billion stake in Aspen Technology, according to the report.
Elliott, Aspen and Emerson did not immediately reply to requests for comment from MT Newswires.
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