Big Law
Emerson Electric Will Merge With Aspen Tech in a $11 Billion Software Division Deal
Emerson Electric (EMR) – Get Emerson Electric Co. Report unveiled plans Monday for an $11 billion merger with Aspen Technology (AZPN) – Get Aspen Technology, Inc. Report that the pair said will accelerate growth their combined growth in the industrial software sector.
Aspen Technology shareholders will get $87 in cahs, as well as 0.42 shares of the combined group, called ‘new AspenTech’, giving them a collective 45% stake.
Emerson will also pay around $6 billion for a 55% stake in the combined entity, which it says will be a “diversified, high-performance industrial software leader with greater scale, capabilities and technologies.”
