Date:	--/--/-- --:--:--
Event Id:	E561D48JB
Action Type:	ACQUISITION
Action Status:	COMPLETED
Acquirer Symbol:
Target Symbol:	AZPN
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	265
Price Per Share Currency:	USD
News References:	https://www.prnewswire.com/news-releases/emerson-completes-acquisition-of-remaining-outstanding-shares-of-aspentech-302399867.html

Action Notes

Emerson has made a proposal to acquire all outstanding shares of common stock of AspenTech (NASDAQ: AZPN) ("AspenTech") not already owned by Emerson for $240 per share in cash. The proposed transaction follows Emerson's 55% majority investment in AspenTech, which was completed in 2022. Emerson currently owns approximately 57% of AspenTech's outstanding shares of common stock. Upon completion of the transaction, AspenTech would become a wholly owned subsidiary of Emerson. the repurchase expected to be completed in the first quarter of fiscal year 2025.Emerson (NYSE: EMR) and Aspen Technology, Inc. (NASDAQ: AZPN) ("AspenTech") today announced that they have reached an agreement under which Emerson will acquire all outstanding shares of common stock of AspenTech not already owned by Emerson for $265.00 per share pursuant to an all-cash tender offer.The terms and conditions of the tender offer are fully described in the "Offer to Purchase" and in the Letter of Transmittal that was distributed to AspenTech stockholders and filed with the Securities and Exchange Commission. The all-cash tender offer is set to expire on March 10, 2025, assuming the minimum required number of shares are tendered.