Emerson Electric Stock Soars on Strong Earnings, AspenTech Buyout Bid
Key TakeawaysShares of industrial technology and engineering company Emerson Electric popped higher Tuesday.The company reported better-than-expected quarterly sales and profit boosted by its Intelligent Devices segment.
Emerson Electric makes bid to acquire full stake in AspenTech
The company’s $240-per-share cash offer for the remaining stake in AspenTech would total around $6.53bn, according to Reuters.
Emerson’s shares rise on AspenTech deal, quarterly results
Emerson Electric (EMR) stock surged in premarket trading after announcing acquisition of AspenTech (AZPN) and beating profit estimates.
Emerson Offers to Buy Rest of AspenTech in $15 Billion Deal to Sharpen Automation Focus
AspenTech's shares climbed about 5% to $249.80 in premarket trade on Tuesday. Emerson's stock rose about 4.9% after the company announced a new buyback program and provided a largely upbeat fiscal 2025 profit forecast.
Emerson proposes to acquire remaining shares of AspenTech at $240 apiece
The proposal values AspenTech at $15.1 billion on an enterprise basis, Emerson said. Emerson already owns about 55% of shares in AspenTech, which it acquired in 2022. St. Louis, Missouri-based Emerson,
Emerson offers to buy rest of AspenTech for $240/share in cash
Emerson Electric proposes to acquire AspenTech for $240 per share, aiming to complete its transformation into an industrial technology specialist.
Aspen Tech Shares Rise Above Emerson Proposed Takeover Price
Aspen Technology shares moved higher Tuesday after majority investor Emerson Electric proposed buying the rest of the industrial software provider at a valuation of more than $15 billion. Emerson, which already owns more than 57% of Aspen,
Aspen Technology Announces Receipt of Unsolicited Acquisition Proposal from Emerson
Aspen Technology, Inc. (NASDAQ:AZPN) ("AspenTech" or "the Company"), a global leader in industrial software, today announced that its Board of Directors received an unsolicited, non-binding proposal letter,
Emerson Logs 4Q Net Growth, Seeks to Buy Out Industrial-Software Affiliate AspenTech
Emerson Electric said it is proposing to acquire the remaining outstanding shares of AspenTech that it doesn't already own. In "Emerson Logs 4Q Net Growth, to Buy Out Industrial-Software Affiliate ...
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Emerson Levy defeats Keri Lopez in House District 53 race; Anthony Broadman wins Senate District 27 seat
Democrats won two closely watched Bend-area legislative races Tuesday night, as Rep. Emerson Levy defeated Keri Lopez to a ...
Final swing states poll from Emerson College/The Hill: See presidential election survey results
The final poll of swing states from Emerson College Polling/The Hill shows Donald Trump and Kamala Harris locked in a tight ...
Emerson Electric Company (EMR) Receives a Buy from Bank of America Securities
In a report released today, Andrew Obin from Bank of America Securities maintained a Buy rating on Emerson Electric Company (EMR – ...
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Emerson wants to buy the rest of automation co. AspenTech
Refers to the latest 2 years of stltoday.com stories. Cancel anytime. Emerson CEO Lal Karsanbhai during an interview on Wednesday, Oct. 23, 2024, at the company's Ferguson headquarters. FERGUSON — ...
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Emerson Electric Gains On Q4 Earnings Beat And FY25 Growth Forecast: Eyes AspenTech Buyout
Emerson Electric's Q4 sales rose 13% to $4.62B, surpassing expectations; adjusted EPS was $1.48, up 15% year-over-year.
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Keri Lopez concedes to Emerson Levy in Oregon House District 53 race
People were nning to the voting stations and dropping off their ballots Tuesday, ready for local and federal elections. The ...