#United States #St. Louis #Tender Offer #Emerson #AspenTech

Emerson Extends its Tender Offer for Aspen Technology Shares

In a significant update, Emerson (NYSE: EMR) has decided to extend its tender offer for acquiring all outstanding shares of Aspen Technology, Inc. (NASDAQ: AZPN) not already owned by them. The deadline has been moved to March 11, 2025, at 5:00 PM Eastern Time. This short extension, lasting just one business day, comes as part of the accommodations related to the impending changes to the S&P MidCap 400 index.

Background on the Extension

On March 10, 2025, Emerson confirmed that in light of the scheduled replacement of AspenTech in the S&P MidCap 400 index, additional time was necessary to facilitate the settlement and tendering of shares. S&P Global had previously announced that the change would take effect before trading opens on March 11, 2025. The tender offer is subject to specified conditions outlined in the offer to purchase, ensuring that holders who have already tendered their shares need not take further action.

Details of the Tender Offer

According to information from Equiniti Trust Company, LLC, the depository for the tender offer, as of March 7, 2025, approximately 6,715,211 shares of AspenTech had been validly tendered and not validly withdrawn. Emerson has declared a price of $265 per share for all outstanding shares not already owned, which represents their final offer price.

Information and Inquiry Resources

For stockholders and interested parties seeking further information, Innisfree MA Incorporated is serving as the information agent for this tender offer. Questions regarding the tender offer can be directed to Innisfree via telephone: +1 (877) 456-3524 (for calls from the U.S. and Canada) or +1 (412) 232-3651 (for international inquiries).

About Emerson

Emerson stands at the forefront of industrial technology, known for delivering advanced automation solutions. With a robust portfolio that includes intelligent devices, control systems, and industrial software, Emerson is committed to optimizing business performance and shaping the future of automation.

Headquartered in Saint Louis, Missouri, Emerson exemplifies operational excellence coupled with innovative technology. The company encourages stakeholders to visit Emerson.com for further insights into their operations and announcements.

Importance of the Tender Offer

This tender offer represents a strategic move by Emerson as it seeks to consolidate its holdings in AspenTech. With the added pressure and complexities stemming from the S&P MidCap 400 index changes, this extension provides an opportunity for additional shares to be exchanged. As the market reacts to these developments, all eyes will be on how investors respond in the wake of this adjustment.

Conclusion

Emerson's proactive measures in extending the tender offer expiration underline its commitment to strategic growth and adaptation amidst market changes. As the financial landscape continues to evolve, this tender offer presents a key opportunity for both the company and its stakeholders as they navigate the shifting indices and their implications.