Investing.com -- Emerson (NYSE: EMR ) and Aspen Technology, Inc. (NASDAQ: AZPN ), also known as AspenTech, have announced an agreement for Emerson to acquire all remaining shares of AspenTech's common stock at $265.00 per share. The all-cash tender offer values the minority stake being acquired at $7.2 billion, making the total company's fully diluted market capitalization $17.0 billion and its enterprise value $16.8 billion.

Emerson currently owns approximately 57% of AspenTech's outstanding shares, following a 55% majority investment made in 2022. Upon completion of the transaction, AspenTech will become a wholly owned subsidiary of Emerson.

The AspenTech Board of Directors, including a special committee of three independent and disinterested directors, unanimously recommended approval of the transaction. The special committee was formed on November 20, 2024, to consider Emerson's non-binding proposal made on November 5, 2024. The Emerson Board of Directors has also unanimously approved the transaction.

Emerson President and Chief Executive Officer Lal Karsanbhai expressed excitement about the transaction, marking it as a key milestone in their portfolio transformation. He stated that the integration of AspenTech into Emerson would advance their vision for software-defined control and provide AspenTech shareholders with a compelling and certain value for their shares.

Robert Whelan, Jr., Chair of the AspenTech Special Committee, expressed confidence in the transaction, stating that it is the best path forward for AspenTech and its shareholders.

AspenTech President and Chief Executive Officer Antonio Pietri also expressed optimism about the next chapter, stating that the agreement is a testament to the dedication of AspenTech's employees. He looks forward to further differentiating their offering as they innovate to serve customers' evolving industrial software needs.

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