Elliott discloses $1.5 bln stake in Aspen, pushes against merger with Emerson (updated)

Emerson Electric Co

07/02/2025 14:14

(Adds shares in paragraph 2, background in paragraph 3)
       Feb 7 (Reuters) - Activist investor Elliott Management
said on Friday it has invested more than $1.5 billion in Aspen
Technology  AZPN.O , opposing the company's decision to accept
Emerson Electric's  EMR.N  tender offer.
    Aspen's shares rose 4% in premarket trading. 
        Last month, Emerson agreed to buy the remaining shares
in software supplier Aspen that it did not already own for $7.2
billion.
  

 (Reporting by Utkarsh Shetti in Bengaluru; editing by Tasim
Zahid)
 ((UtkarshUmesh.Shetti@thomsonreuters.com;))