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ZacksTrade and Zacks. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. OK Cancel. Aspen Technology, Inc. As previously stated, the tender offer requires a non-waivable condition that a majority of AZPN's common stock held by minority shareholders must be tendered and remain unwithdrawn.
The transaction is anticipated to close in the first half of , subject to customary closing conditions. Emerson plans to fund the transaction through a combination of cash on hand and debt financing. Upon completion, Aspen's common stock will no longer be traded on the Nasdaq. On Nov. Subsequently, on Nov. The Emerson board also gave its unanimous approval to the transaction. With the completion of this acquisition, Aspen will become a wholly owned subsidiary of Emerson.
Emerson is a global technology and software leader and offers innovative solutions for essential industries. With its advanced automation portfolio and majority stake in Aspen, Emerson supports manufacturers in optimizing operations, enhancing safety, cutting emissions and achieving sustainability goals.
Bedford, MA-based Aspen provides asset optimization software solutions. The company's solutions aid customers in asset-intensive industries in addressing the twin problem of fulfilling the growing resource demand of an expanding population while simultaneously conducting business in a more sustainable way.
