Emerson Electric Co.
Emerson to Acquire Remaining Shares of AspenTech
Summary
Emerson Electric Co. has entered into a Merger Agreement to acquire all outstanding shares of AspenTech not already owned by Emerson for $265 per share in an all-cash tender offer. The transaction, valued at $7.2 billion for the minority stake, is expected to close in the first half of 2025, subject to customary closing conditions. Upon completion, AspenTech will become a wholly-owned subsidiary of Emerson. The offer is subject to a non-waivable condition that at least a majority of the AspenTech common stock held by minority stockholders be tendered and not withdrawn. The acquisition has been recommended by a special committee of the AspenTech Board of Directors and approved by both the AspenTech and Emerson Boards of Directors.
Profitelligence Alerts
Get alerts for EMR
Be first to know when Emerson Electric Co. files with the SEC.
Filing Categories
Exhibits (2)
Advertisement
About Emerson Electric Co.
Emerson Electric Co. is a multinational corporation that specializes in technology and engineering. The company focuses on providing innovative solutions for industrial, commercial, and consumer markets. Emerson Electric's primary function is to develop and integrate automation technologies and software, enabling companies to optimize performance, reduce energy consumption, and increase operational efficiency. Notable sectors impacted by Emerson Electric include process automation industries such as oil and gas, chemical, and utilities, where precision and efficiency are crucial. Emerson also serves sectors like residential and commercial construction with products to manage facility infrastructure better. Their HVAC technologies and tools play a significant role in maintaining climate systems and improving energy efficiency. Established in 1890 and headquartered in St. Louis, Missouri, Emerson Electric Co. has evolved into a market leader, leveraging its global reach and extensive product portfolio to drive advancements in automation and technology solutions. Its consistent focus on innovation and quality positions Emerson Electric as a crucial player in powering and improving the world's essential services and technologies.
Official SEC Documents
Advertisement