Emerson to Merge Software Units With AspenTech in $11 Billion Deal

1 month ago 61

Emerson Electric Co. is displayed connected  a surface  connected  the level  astatine  the New York Stock Exchange (NYSE) successful  New York connected  Jan. 13, 2020. (Brendan McDermid/Reuters)

Emerson Electric Co. is displayed connected a surface connected the level astatine the New York Stock Exchange (NYSE) successful New York connected Jan. 13, 2020. (Brendan McDermid/Reuters)

By Reuters

Reuters

Reuters

Follow

October 11, 2021 Updated: October 11, 2021

biggersmaller

Industrial-automation systems shaper Emerson Electric Co. said connected Monday it would merge its software units with smaller rival Aspen Technology successful a deal for astir $11 billion.

The cash-and-stock woody is for astir $160 per AspenTech share, the institution said.

Reuters

Reuters

Follow