Aspen Technology is a leading provider of software solutions designed to optimize asset performance and improve efficiency in manufacturing and production processes
The company focuses on industries such as oil and gas, chemicals, pharmaceuticals, and biotechnology, offering advanced analytics, artificial intelligence, and machine learning tools that help organizations achieve operational excellence. Aspen Technology's innovative software supports companies in maximizing their investments, minimizing environmental impact, and ensuring safety and reliability in their operations. Through its comprehensive suite of solutions, Aspen Technology empowers businesses to enhance productivity and drive sustainable growth.
Emerson said it will acquire all outstanding shares of common stock of Aspen Technology not already owned by it for $265 per share in cash, valuing the minority stake at $7.2 billion.
U.S. stocks advanced midday Tuesday, demonstrating resilience despite escalating geopolitical tensions and trade uncertainties between the world’s two largest economies.
Emerson Electric Company to acquire Aspen Technology shares not already owned by them in a $7.2 billion deal, valuing shares at $265 each. Deal expected to close in 2025.
Emerson Electric reported strong Q4 FY24 results, with net sales up 13% and adjusted EPS beating expectations. FY25 outlook shows continued momentum and plans for shareholder returns.
In an environment where technology continues to reshape industries and drive growth, mid-cap tech stocks may offer a unique opportunity for investors. Here are three such stocks that are poised to outperform the broader market.
AspenTech, Inc. shares rise after beating Q4 FY24 earnings and revenue expectations, with ACV increasing 9.4% Y/Y. Company also announces $100M buyback.
