Newest
-
Dongying’s Yellow River Estuary Winter Jujubes Head for European and North American Markets
-
MEXC Reports First $100 Million Launchpad Round as SpaceX Demand Spills Into Tokenized Stock Trading
-
PT. Otto Media Grup Holds Otto Beauty Matchmaking 2026, Promoting Efficient Connections Between Beauty Brands And Content Creators
-
Trump says he’s Iran’s ‘number one target’ for assassination after renewed strikes
Elliott Statement on Aspen Technology, Inc.
2025-02-10
IDOPRESS
WEST PALM BEACH,Fla.,Feb. 7,2025 -- Elliott Investment Management L.P. ("Elliott"),which manages funds that together have an investment of more than $1.5 billion in Aspen Technology,Inc. (NASDAQ: AZPN) (the "Company" or "AspenTech"),today issued the following statement regarding the Company's recently announced agreement with Emerson Electric Co. (NYSE: EMR) ("Emerson"):
"As the largest minority investor in AspenTech,we disagree with the Company's decision to support a $265.00 per share tender offer by its majority stockholder,Emerson,to acquire the AspenTech shares it does not already own. Emerson's offer is highly opportunistic and substantially undervalues the Company. Elliott has no intention of tendering its shares at the current price."
About Elliott
Elliott Investment Management L.P. (together with its affiliates,"Elliott") manages approximately$69.7 billionof assets as ofJune 30,2024. Founded in 1977,it is one of the oldest funds under continuous management. The Elliott funds' investors include pension plans,sovereign wealth funds,endowments,foundations,funds-of-funds,high net worth individuals and families,and employees of the firm.
Media Contact