Emerson Electric To Buy Out AspenTech Minority Stake In $7.2 Billion Cash Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2025
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Source: Benzinga
Acquisition Details: Aspen Technology, Inc. is set to be acquired by Emerson Electric Company in an all-cash tender offer of $265 per share, valuing the company at approximately $17 billion. Emerson currently owns 57% of AspenTech and plans to finance the acquisition through cash and debt.
Transaction Timeline: The deal is expected to close in the first half of 2025, pending customary closing conditions, and has been unanimously recommended for approval by AspenTech's Board of Directors.
Analyst Views on FMCX
Wall Street analysts forecast FMCX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FMCX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
