Deals
Aspen Tech Investor Elliott Opposes Emerson’s Terms
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Elliott Investment Management has emerged as the largest minority investor in industrial-software company Aspen Technology Inc., with a position worth more than $1.5 billion, people with knowledge of the matter said.
The activist investor plans to oppose the terms of Emerson Electric Co.’s latest offer to buy the shares in Aspen Tech that it doesn’t already own for $265 apiece in cash, according to the people. Elliott believes the price is too low, they said.