Aspen Technology Announces Receipt of Unsolicited Acquisition Proposal from Emerson
Aspen Technology (NASDAQ:AZPN) has received an unsolicited, non-binding acquisition proposal from Emerson Electric Co. (NYSE:EMR) to purchase all remaining outstanding shares not already owned by Emerson for $240.00 per share in cash. Emerson currently owns 57.4% of AspenTech's outstanding common shares. The proposal was submitted on November 5, 2024. AspenTech's Board of Directors will review the proposal following appropriate governance processes, and shareholders are advised to take no action at this time.
Aspen Technology (NASDAQ:AZPN) ha ricevuto una proposta di acquisizione non sollecitata e non vincolante da Emerson Electric Co. (NYSE:EMR) per acquistare tutte le azioni ordinarie rimanenti non già possedute da Emerson al prezzo di $240,00 per azione in contanti. Emerson attualmente detiene 57,4% delle azioni ordinarie in circolazione di AspenTech. La proposta è stata presentata il 5 novembre 2024. Il Consiglio di Amministrazione di AspenTech esaminerà la proposta seguendo le appropriate procedure di governance e gli azionisti sono invitati a non intraprendere alcuna azione in questo momento.
Aspen Technology (NASDAQ:AZPN) ha recibido una propuesta de adquisición no solicitada y no vinculante de Emerson Electric Co. (NYSE:EMR) para comprar todas las acciones restantes que no están ya en posesión de Emerson por $240.00 por acción en efectivo. Emerson posee actualmente 57.4% de las acciones ordinarias en circulación de AspenTech. La propuesta fue presentada el 5 de noviembre de 2024. La Junta Directiva de AspenTech revisará la propuesta siguiendo los procesos de gobernanza adecuados, y se aconseja a los accionistas que no tomen ninguna acción en este momento.
아스펜 테크놀로지 (NASDAQ:AZPN)는 엠슨 일렉트릭 (NYSE:EMR)로부터 부친 문의가 없는 비구속 인수 제안을 받았습니다. 이 제안은 엠슨이 현재 보유하고 있지 않은 모든 주식을 주당 $240.00에 현금으로 인수하는 것입니다. 엠슨은 현재 아스펜테크의 발행주식 중 57.4%를 보유하고 있습니다. 이 제안은 2024년 11월 5일에 제출되었습니다. 아스펜테크의 이사회는 적절한 거버넌스 절차에 따라 이 제안을 검토할 것이며, 주주들에게는 현재로서는 어떠한 조치도 취하지 말 것을 권장합니다.
Aspen Technology (NASDAQ:AZPN) a reçu une proposition d'acquisition non sollicitée et sans engagement de Emerson Electric Co. (NYSE:EMR) pour acheter toutes les actions restantes non déjà détenues par Emerson au prix de $240,00 par action en espèces. Emerson détient actuellement 57,4% des actions ordinaires en circulation d'AspenTech. La proposition a été soumise le 5 novembre 2024. Le Conseil d'administration d'AspenTech examinera la proposition suivant les processus de gouvernance appropriés, et les actionnaires sont invités à ne prendre aucune mesure à ce moment-là.
Aspen Technology (NASDAQ:AZPN) hat ein unaufgefordertes, unverbindliches Übernahmeangebot von Emerson Electric Co. (NYSE:EMR) erhalten, um alle verbleibenden, nicht bereits im Besitz von Emerson befindlichen Aktien zum Preis von 240,00 $ pro Aktie in bar zu erwerben. Emerson hält derzeit 57,4% der ausgegebenen Stammaktien von AspenTech. Das Angebot wurde am 5. November 2024 eingereicht. Der Vorstand von AspenTech wird das Angebot gemäß der entsprechenden Governance-Prozesse prüfen, und den Aktionären wird geraten, zu diesem Zeitpunkt keine Maßnahmen zu ergreifen.
- Proposed acquisition price of $240.00 per share in cash offers immediate liquidity for shareholders
- Proposal comes from Emerson, which already holds majority ownership, suggesting strategic alignment
- Unsolicited nature of the proposal may indicate lack of initial agreement on terms
- Non-binding proposal provides no guarantee of deal completion
Insights
The $240 per share acquisition offer from Emerson represents a significant development for AspenTech investors. Given Emerson's existing
This proposal continues the evolution of a relationship that began with Emerson's
The board's fiduciary duty requires a thorough evaluation of this unsolicited proposal, with particular attention to minority shareholder interests given Emerson's controlling position. Key considerations will include the fairness of the offering price, potential conflicts of interest and whether alternative strategic options should be explored.
Shareholders should expect the formation of a special committee of independent directors to review the proposal. The "take no action" advisory is standard practice, allowing for proper due diligence and potentially improved terms. The non-binding nature of the proposal leaves room for negotiations and the board may seek independent fairness opinions to ensure the offer adequately values AspenTech's business and future prospects.
Shareholders Advised to Take No Action Pending Review
Emerson and its affiliates currently own
The Board of Directors of AspenTech will follow an appropriate governance process and carefully review the proposal. No action is required by AspenTech shareholders at this time.
About Aspen Technology
Aspen Technology, Inc. (NASDAQ: AZPN) is a global software leader helping industries at the forefront of the world’s dual challenge meet the increasing demand for resources from a rapidly growing population in a profitable and sustainable manner. AspenTech solutions address complex environments where it is critical to optimize the asset design, operation and maintenance lifecycle. Through our unique combination of deep domain expertise and innovation, customers in asset-intensive industries can run their assets safer, greener, longer and faster to improve their operational excellence. To learn more, visit AspenTech.com.
Additional Information and Where to Find it
No tender offer for the shares of the Company has commenced at this time. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of the Company, nor is it a substitute for any tender offer materials that the Company or Emerson may file with the
Forward-Looking Statements
This communication contains forward-looking statements related to the Company, Emerson and the proposed acquisition by Emerson of the outstanding shares of common stock of the Company that Emerson does not already own (the “Transaction”), which involves substantial risks and uncertainties. Forward-looking statements include any statements containing the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “goal,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue” and similar expressions.
Forward-looking statements are subject to certain risks, uncertainties, or other factors that are difficult to predict and could cause actual events or results to differ materially from those indicated in any such statements due to a number of risks and uncertainties. Those risks and uncertainties that could cause the actual results to differ from expectations contemplated by forward-looking statements include, among other things: uncertainties as to the timing of the proposed tender offer; the risk that the Company may not agree to a transaction with Emerson; the possibility that competing offers will be made; the effects of the proposed Transaction on relationships with employees, customers, other business partners or governmental entities; and other risks listed under the heading “Risk Factors” in the Company’s periodic reports filed with the SEC, including Current Reports on Form 8-K, Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K, as well as the Schedule 14D-9 that may be filed by the Company and the Schedule TO and related tender offer documents that may be filed by Emerson. You should not place undue reliance on these statements. All forward-looking statements are based on information currently available to the Company, and the Company disclaims any obligation to update the information contained in this communication as new information becomes available.
© 2024 Aspen Technology, Inc. AspenTech and the
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Investor Contact
William Dyke
Aspen Technology
+1 781-221-5571
IR@aspentech.com
Source: Aspen Technology, Inc.
FAQ
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