Elliott said Emerson's public statements and actions leading up to the commencement of the tender offer underscore its coercive intent toward minority stockholders.
Emerson said it will acquire all outstanding shares of common stock of Aspen Technology not already owned by it for $265 per share in cash, valuing the minority stake at $7.2 billion.
U.S. stocks advanced midday Tuesday, demonstrating resilience despite escalating geopolitical tensions and trade uncertainties between the world’s two largest economies.
Emerson Electric Company to acquire Aspen Technology shares not already owned by them in a $7.2 billion deal, valuing shares at $265 each. Deal expected to close in 2025.
Emerson Electric reported strong Q4 FY24 results, with net sales up 13% and adjusted EPS beating expectations. FY25 outlook shows continued momentum and plans for shareholder returns.
In an environment where technology continues to reshape industries and drive growth, mid-cap tech stocks may offer a unique opportunity for investors. Here are three such stocks that are poised to outperform the broader market.
