💨 Abstract
Emerson Electric has proposed to acquire the remaining stake in AspenTech for $15.1 billion, aiming to strengthen its focus on industrial automation. The company already holds 55% of the combined entity from a 2021 merger with Aspen Technology. Emerson offered $240 per share in cash for the remaining stake and expects the deal to close if a special committee recommends it.
Courtesy: theprint.in
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