Aspen Technology Gets Unsolicited $240-per-Share Takeover Bid From Emerson Electric

MT Newswires Live11-06

Aspen Technology (AZPN) said late Tuesday it received an unsolicited takeover offer from Emerson Electric (EMR) for $240 per share in cash.

The company said its board will carefully review the offer.

Emerson owns about a 57% stake in the software company, Aspen said.

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