Aspen Technology gains

Elliott Stake in Aspen Tech Fuels Traders’ Bets on Higher Takeover Offer
Merger-arbitrage traders are piling into bets that the emergence of Elliott Investment Management as an investor in Aspen Technology Inc. will result in a higher buyout bid from the company’s majority holder Emerson Electric Co.
Elliott Builds $1.5 Billion Stake in Aspen, Opposes Emerson Deal
Elliott argues that Emerson's per-share offer of $265 for Aspen undervalues the company, adding that it will not tender its shares at the current price. Aspen's shares rose about 3%, while those of Emerson fell 2%.
Aspen Technology gains as Elliott opposes terms of Emerson's takeover (update)
Adds Elliott confirmation, statement. Aspen Technology (NASDAQ:AZPN) rose 4% in premarket trading as Elliott Investment Management confirmed it has a large stake in the industrial software company and is opposed to the terms of Emerson Electric's (EMR) $265 a share takeover.
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.
Elliott says Emerson’s offer for Aspen Technology ‘highly opportunistic’
Elliott Investment Management, which manages funds that together have an investment of more than $1.5B in Aspen Technology (AZPN), issued the
Elliott discloses $1.5 billion stake in Aspen, pushes against merger with Emerson
Activist investor Elliott Management said on Friday it has invested more than $1.5 billion in Aspen Technology, opposing the company's decision to accept Emerson Electric's tender offer. Aspen's shares rose 4% in premarket trading.
Elliott challenges Emerson's bid for AspenTech at $265 a share
WEST PALM BEACH - Elliott Investment Management L.P., managing funds worth over $1.5 billion in Aspen Technology, Inc. (NASDAQ: NASDAQ:AZPN), today expressed its opposition to the tender offer made by Emerson Electric Co.
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 ...
Yahoo Finance12d
Aspen Technology (AZPN) Surges 3.3%: Is This an Indication of Further Gains?
Aspen Technology AZPN shares soared 3.3% in the last trading session to close at $263.50. The move was backed by solid ...
Emerson Electric: Starting 2025 With Full Ownership Of AspenTech
Emerson Electric's acquisition of AspenTech raises concerns about valuation and debt, awaiting updates on segment divestment ...
ETF Daily News2d
Aspen Technology (NASDAQ:AZPN) Reaches New 1-Year High Following Earnings Beat
Aspen Technology, Inc. (NASDAQ:AZPN – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday after the company announced better than expected quarterly ...
Yahoo Finance2d
Elliott Statement on Aspen Technology, Inc.
Feb. 7, 2025 /CNW/ -- 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 ...
Key deals this week: Bank of America, Aspen Technology, Verily, Paysafe and more
Conduent (NASDAQ:CNDT) soared 15% on a report that the company is exploring a sale after getting takeover interest. Bank of America (NYSE:BAC) has agreed to buy a $9B portfolio of residential mortgage ...