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.”

Read the source article at Stock Market

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