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Elliott Statement on Aspen Technology, Inc.

1. Elliott disputes Emerson's $265 offer for AspenTech shares. 2. Elliott calls Emerson's offer opportunistic and undervaluing. 3. Elliott manages over $1.5 billion in AspenTech investments. 4. Elliott intends to retain its shares amidst the offer.

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FAQ

Why Bearish?

Elliott's objections signal potential undervaluation, impacting investor sentiment negatively.

How important is it?

Elliott's significant stake and vocal dissent are crucial, possibly swaying shareholder decisions.

Why Short Term?

Immediate market reactions may follow Elliott's statement, influencing share price temporarily.

Related Companies

EMRAZPN
, /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $1.5 billion in Aspen Technology, Inc. (NASDAQ: AZPN) (the "Company" or "AspenTech"), today issued the following statement regarding the Company's recently announced agreement with Emerson Electric Co. (NYSE: EMR) ("Emerson"): "As the largest minority investor in AspenTech, we disagree with the Company's decision to support a $265.00 per share tender offer by its majority stockholder, Emerson, to acquire the AspenTech shares it does not already own. Emerson's offer is highly opportunistic and substantially undervalues the Company. Elliott has no intention of tendering its shares at the current price." About Elliott Elliott Investment Management L.P. (together with its affiliates, "Elliott") manages approximately $69.7 billion of assets as of June 30, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm. Media Contact Alice BestElliott Advisors (UK) LimitedT: +44 203 009 1715[email protected] SOURCE Elliott Investment Management L.P. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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