PR Newswire
WEST PALM BEACH, Fla., Feb. 19, 2025 /PRNewswire/ -- 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) (the "Company" or "AspenTech"), today issued the following statement regarding the tender offer (the "Tender Offer") by Emerson Electric Co. (NYSE: EMR) ("Emerson") for all AspenTech shares it does not currently own:
"Emerson's proposal to acquire AspenTech is clearly the result of a conflicted and deeply flawed process, bearing all the hallmarks of an opportunistic minority squeeze-out. Furthermore, Emerson's public statements and actions leading up to the commencement of the Tender Offer underscore its coercive intent toward minority stockholders.
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