WEST
PALM BEACH, Fla., Feb. 19,
2025 /CNW/ -- Elliott Investment Management L.P.
("Elliott"), which manages funds that together have an investment
of more than $1.5 billion in Aspen
Technology, Inc. (NASDAQ: AZPN) (the "Company" or "AspenTech"),
today issued the following statement regarding the tender offer
(the "Tender Offer") by Emerson Electric Co. (NYSE: EMR)
("Emerson") for all AspenTech shares it does not currently own:
"Emerson's proposal to acquire AspenTech is clearly the result
of a conflicted and deeply flawed process, bearing all the
hallmarks of an opportunistic minority squeeze-out. Furthermore,
Emerson's public statements and actions leading up to the
commencement of the Tender Offer underscore its coercive intent
toward minority stockholders.
This transaction is unfair to minority stockholders, and we
intend to pursue all appropriate remedies against Emerson."
About Elliott
Elliott Investment Management L.P. (together with its
affiliates, "Elliott") manages approximately $69.7
billion of assets as of June 30, 2024. Founded in 1977,
it is one of the oldest funds under continuous management. The
Elliott funds' investors include pension plans, sovereign wealth
funds, endowments, foundations, funds-of-funds, high net worth
individuals and families, and employees of the firm.
Media Contact
Alice Best
Elliott Advisors (UK) Limited
T: +44 203 009 1715
abest@elliottadvisors.co.uk
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SOURCE Elliott Investment Management L.P.
