(Reuters) – Emerson Electric will acquire all outstanding shares of AspenTech it does not already own for $265 per share, valuing the stake at $7.2 billion, the companies said on Monday.
Emerson, which currently owns about 57% stake in AspenTech, will buy the remaining stake in an all-cash tender offer.
Aspen’s shares were up 2.8% in premarket trading.
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Shailesh Kuber)
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