Aspen Technology Forms Special Committee to Evaluate Non-Binding Acquisition Proposal from Emerson
Aspen Technology, Inc. (AZPN)
Last aspen technology, inc. earnings: 1/29 04:05 pm
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US:NASDAQ Investor Relations:
ir.aspentech.com/node/5806
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Source: Business Wire
BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN) (“AspenTech” or “the Company”), a global leader in industrial software, today announced that its Board of Directors has formed a special committee (the “Special Committee”) composed of three independent directors to consider the non-binding proposal from Emerson Electric Co. (NYSE:EMR) (“Emerson”) received on November 5, 2024. Emerson and its affiliates currently own 57.4% of the Company’s outstanding common shares.The Special Committee is composed of Board Chair Robert Whelan, Jr., who will serve as Chair of the Special Committee, Arlen Shenkman and David Henshall.Qatalyst Partners and Citi are serving as independent financial advisors to the Special Committee and Skadden, Arps, Slate, Meagher & Flom LLP is serving as its legal counsel in connection with its review and evaluation of the proposed transaction.The Company reiterates that no action is required by its shareholders at this time.About Aspen Technology
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News
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- Aspen Technology Chosen to Optimize Renewable Generation For Iceland’s Largest Power ProducerBusiness Wire
- Aspen Technology, Inc. (NASDAQ: AZPN) was downgraded by analysts at Berenberg Bank from a "strong-buy" rating to a "hold" rating.MarketBeat
AZPN
Earnings
- 11/4/24 - Miss
AZPN
Sec Filings
- 11/20/24 - Form SC14D9C
- 11/8/24 - Form SC
- 11/6/24 - Form SC14D9C
- AZPN's page on the SEC website