💨 Abstract
Emerson Electric has proposed to buy the remaining stake in AspenTech for $15.1 billion, aiming to strengthen its industrial automation focus. In 2021, Emerson merged its software units with Aspen Technology, owning about 55% of the combined entity. Emerson has offered $240 per share in cash for the rest of AspenTech, which would cost approximately $6.53 billion.
Courtesy: theprint.in
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