January 27, 2025 12:00 GMT
CAPITAL GOODS: Emerson Electric (EMR A2/A/NR): AspenTech Buyout
CAPITAL GOODS
Not a spread mover. The deal was already announced and has now been agreed with the target for a slightly higher valuation.
- Emerson announced its intention in November last year. The valuation has increased, taking the cost from $6.5bn to $7.2bn. This will be done via a tender offer with closing expected in 1H25.
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