Elliott builds $1.5 billion stake in Aspen

Elliott builds $1.5 billion stake in Aspen, opposes Emerson deal
Activist investor Elliott Management said on Friday it has invested more than $1.5 billion in Aspen Technology, opposing the company's decision to accept Emerson Electric's $7.2 billion tender offer.
Elliott Stake in Aspen Tech Fuels Traders’ Bets on Higher Takeover Offer
Merger-arbitrage traders are piling into bets that the emergence of Elliott Investment Management as an investor in Aspen Technology Inc. will result in a higher buyout bid from the company’s majority holder Emerson Electric Co.
Elliott says Emerson’s offer for Aspen Technology ‘highly opportunistic’
Elliott Investment Management, which manages funds that together have an investment of more than $1.5B in Aspen Technology (AZPN), issued the
Elliott discloses $1.5 billion stake in Aspen, pushes against merger with Emerson
Activist investor Elliott Management said on Friday it has invested more than $1.5 billion in Aspen Technology, opposing the company's decision to accept Emerson Electric's tender offer. Aspen's shares rose 4% in premarket trading.
Elliott Emerges as Aspen Tech Investor, Opposes Emerson’s Terms
Elliott Investment Management has emerged as the largest minority investor in industrial-software company Aspen Technology Inc., with a position worth more than $1.5 billion, people with knowledge of the matter said.
Elliott challenges Emerson's bid for AspenTech at $265 a share
WEST PALM BEACH - Elliott Investment Management L.P., managing funds worth over $1.5 billion in Aspen Technology, Inc. (NASDAQ: NASDAQ:AZPN), today expressed its opposition to the tender offer made by Emerson Electric Co.
Aspen Technology gains as Elliott opposes terms of Emerson's takeover (update)
Adds Elliott confirmation, statement. Aspen Technology (NASDAQ:AZPN) rose 4% in premarket trading as Elliott Investment Management confirmed it has a large stake in the industrial software company and is opposed to the terms of Emerson Electric's (EMR) $265 a share takeover.
Emerson Electric: Starting 2025 With Full Ownership Of AspenTech
Emerson Electric's acquisition of AspenTech raises concerns about valuation and debt, awaiting updates on segment divestment ...
1,311 Shares in Aspen Technology, Inc. (NASDAQ:AZPN) Bought by Caprock Group LLC
Caprock Group LLC purchased a new stake in Aspen Technology, Inc. (NASDAQ:AZPN – Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The ...
Aspen Technology downgraded to Hold from Buy at Loop Capital
Loop Capital analyst Mark Schappel downgraded Aspen Technology (AZPN) to Hold from Buy with a price target of $265, up from $260, citing the ...
Jim Cramer Says No To BigBear.ai, Recommends Buying This Tech Stock
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Five9, Inc. FIVN, saying the stock is “way too cheap.” ...
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Aspen Technology (AZPN) Q2 Earnings and Revenues Top Estimates
Aspen Technology (AZPN) delivered earnings and revenue surprises of 11.35% and 3.08%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?
Aspen Technology (AZPN) Expected to Announce Quarterly Earnings on Tuesday
Aspen Technology (NASDAQ:AZPN – Get Free Report) is expected to post its quarterly earnings results before the market opens ...
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Aspen to Be Acquired by Emerson in an All-Cash $7.2 Billion Deal
Aspen Technology, Inc. AZPN has announced a definitive agreement with Emerson Electric Co. EMR. Per the deal, EMR will acquire all remaining outstanding shares of Aspen’s common stock that it ...
Aspen Technology: Fiscal Q2 Earnings Snapshot
BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Aspen Technology, Inc. (AZPN) on Tuesday reported fiscal second-quarter net income of $20.3 million, after reporting a loss in the same period a year ...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation into Aspen Technology Inc.
NEW YORK, NY / ACCESS Newswire / February 3, 2025 / The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or ...
Elliott Statement on Aspen Technology, Inc.
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"), ...