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Emerson proposed to acquire all AspenTech shares it does not already own for $240 per share in cash, after already holding about 57%. The proposal would make AspenTech a wholly owned subsidiary.
“Emerson has made a proposal to acquire all outstanding shares of common stock of AspenTech (NASDAQ: AZPN) not already owned by Emerson for $240 per share in cash.”ir.emerson.com
Summarized from public sources; check the original articles before acting on it.