StockNews.AI
AZPN
CNBC
170 days

Activist Elliott takes a stake in Aspen Technology and pushes back on an offer from Emerson

1. Elliott Investment Management opposes Emerson's $265 tender offer for AZPN. 2. Analysts argue the offer undervalues Aspen Technology by significant margins. 3. Elliott holds 9% stake, needing minimal votes to block the transaction. 4. Potential fair value of AZPN stock could be over $350 per share. 5. Integration synergies from Emerson may enhance Aspen's operational performance.

M&A
-0.09%Current Return
VS
-1.75%S&P 500
$265.2503/02 07:03 PM EDTEvent Start
$26503/04 01:31 AM EDTLatest Updated
9m saved
Insight
Article

FAQ

Why Bullish?

Elliott's opposition suggests potential for higher offers, enhancing share value.

How important is it?

The tender offer and Elliott's involvement highlight significant valuation dynamics impacting AZPN.

Why Short Term?

Upcoming shareholder votes and negotiations will likely impact AZPN's immediate pricing.

Related Companies

EMRAVVSCHNE

Related News