Activist Elliott takes a stake in Aspen Technology and pushes back on an offer from Emerson
1. Elliott Investment Management opposes Emerson's $265 per share tender offer. 2. Elliott claims the offer undervalues Aspen Technology and seeks a higher price. 3. Emerson's control could allow for a low offer; Elliott has a stake of 9%. 4. Recent operational improvements could increase competitiveness and margins for Aspen. 5. The vote threshold to approve the tender offer favors current shareholder activism.