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Aspen Technology Shares Drop

Emerson says $265/shr offer for Aspen Technology is the `best and final' price

Emerson Electric's $265 per share tender offer for Aspen Technology is labeled as its best and final price despite criticism from Elliott

Hosted on MSN · 1d

Emerson Electric finalizes $265 per-share offer for Aspen Technology

Electric confirmed on Monday its "best and final" offer of $265 per share to acquire Aspen Technology (NASDAQ:AZPN). This confirmation comes after activist investor Elliott Management expressed opposition to Aspen's decision to accept Emerson's $7.

Wall Street Journal · 1d

Aspen Technology Shares Drop After Emerson Says Offer Best and Final

Shares of Aspen Technology fell Monday after Emerson Electric said its offer price of $265 per share is its best and final. This came after activist investor Elliott Management said last week that it had built a big stake in AspenTech and opposed the company’s decision to accept Emerson's offer,

Reuters on MSN · 1d

Emerson Says $265 Per-Share Bid for Aspen Is 'Best and Final'

(Reuters) - Emerson Electric said on Monday that its $265 per-share offer to acquire Aspen Technology was its "best and final" price. The announcement comes days after activist investor Elliott Management said it invested over $1.5 billion in Aspen, opposing the company's decision to accept Emerson's $7.2 billion tender offer.

Seeking Alpha on MSN · 1d

Aspen Technology upped at Loop on potential for Emerson higher bid

Aspen Technology (NASDAQ:AZPN) was raised to buy at Loop Capital on the likelihood of a higher bid from Emerson (EMR) amid a push from activist Elliott Investment Management. "We now believe Elliott is likely to convince enough minority shareholders that AZPN is worth meaningfully more than the current $265/share Emerson offer,

Business Insider · 1d

Aspen Technology upgraded to Buy at Loop Capital on Elliott involvement

Loop Capital upgraded Aspen Technology (AZPN) to Buy from Hold with a price target of $315, up from $265. The firm believes that Elliott’s

Yahoo Finance · 1d

Aspen Technology Upgraded Amid Takeover Dispute with Emerson

With a more than $1.5 billion Emerson holding, Elliott has claimed that the $265-per-share offer undervalues Aspen Tech and is advocating a larger proposal. Mark Schappel, a Loop Capital analyst, said Elliott is probably going to persuade enough minority investors Aspen Tech is worth far more than Emerson's current offer.

Bloomberg on MSN · 4d

Aspen Tech Investor Elliott Opposes Emerson’s Terms

Elliott Investment Management has emerged as the largest minority investor in industrial-software company Aspen Technology Inc., with a position worth more than $1.5 billion, people with knowledge of the matter said.

ETF Daily News · 4d

Aspen Technology (NASDAQ:AZPN) Downgraded by Loop Capital to “Hold”

Loop Capital cut shares of Aspen Technology (NASDAQ:AZPN – Free Report) from a buy rating to a hold rating in a report published on Wednesday morning, MarketBeat.com reports. Loop Capital currently has $265.

Business Insider · 1d

Aspen Technology upgraded to Buy from Hold at Loop Capital

Loop Capital upgraded Aspen Technology (AZPN) to Buy from Hold with a price target of $315, up from $265.Maximize Your Portfolio with Data

The Business Journals · 1d

Billionaire Paul Singer's Elliott opposes AspenTech buyout deal

Late last week, the West Palm Beach-based hedge fund released a statement disclosing it was the largest minority owner of AspenTech, with more than a $1.5 billion stake in the company — and that it opposes the merger.

Seeking Alpha4d

Aspen Technology gains as Elliott opposes terms of Emerson's takeover (update)

Update 9:08am: Adds Elliott confirmation, statement. Aspen Technology (NASDAQ:AZPN) rose 3.5% as Elliott Investment Management confirmed it has a large stake in the industrial software company and ...

Aspen Technology: Fiscal Q2 Earnings Snapshot

BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Aspen Technology, Inc. (AZPN) on Tuesday reported fiscal second-quarter net income of $20.3 million, after reporting a loss in the same period a year ...