Emerson says $265 per-share bid for Aspen is 'best and final'

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February 10, 2025 1:51 PM EST

FILE PHOTO: Emerson Electric Co is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid/File Photo

(Reuters) - Emerson Electric said on Monday that its $265 per-share offer to acquire Aspen Technology was its "best and final" price.

The announcement comes days after activist investor Elliott Management said it invested over $1.5 billion in Aspen, opposing the company's decision to accept Emerson's $7.2 billion tender offer.

"Our break price is ~$202 (though there is above-average difficulty in pinning it down), making it less obvious as a bump play and resting it on a view that Emerson would not want to risk tender failure," UBS analysts said in a note.

Emerson, which owns 57% of Aspen, agreed last month to acquire the remaining shares in the industrial software supplier.

The all-cash tender offer is set to expire on March 10, assuming the minimum required number of shares are tendered.

(Reporting by Nathan Gomes in Bengaluru; Editing by Alan Barona)


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