LOUIS, Missouri and BEDFORD, Massachusetts – Octo– Emerson (NYSE: EMR) and AspenTech (NASDAQ: AZPN) today announced that the companies have entered into a definitive agreement to contribute Emerson’s industrial software businesses – OSI Inc. New AspenTech Expected to Drive Double-Digit Annual Spend Growth, Best-in-Class Profitability, Strong Free Cash Flow and Be Positioned to Pursue and Complete Strategic TransactionsĮmerson Reaffirms Fiscal Year 2021 Underlying Sales Guidance of 5% to 6% and Adjusted EPS Guidance of $4.06 to $4.08Ĭompanies to Host a Joint Conference Call Today at 8:30 AM ETĭownload Emerson and AspenTech Investor Presentation Emerson to Receive 55% Stake of New AspenTechĪspenTech Shareholders to Receive Approximately $87 Per Share in Cash and 0.42 Shares of New AspenTech for each AspenTech Share, Providing Upside through 45% Stake
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