# Emerson proposes to acquire remaining AspenTech shares for $240 per share

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.

- Type: Acquisition
- Announced: 2024-11-05
- Where: United States
- Status: announced
- Products: process automation software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Emerson](https://endata.com/companies/355.md) (acquirer)
- [AspenTech](https://endata.com/companies/12449.md) (target)

## Sources

- [ir.emerson.com](https://ir.emerson.com/news-events/press-releases/detail/21/emerson-announces-key-actions-to-complete-the-portfolio-transformation-to-an-industrial-technology-leader-delivering-advanced-automation-solutions), 2024-11-05: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.