Elliott discloses $1.5 bln stake in Aspen, pushes against merger with Emerson-March 2024-www.financetom.com

Elliott discloses $1.5 bln stake in Aspen, pushes against merger with Emerson

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Elliott discloses $1.5 bln stake in Aspen, pushes against merger with Emerson

Feb 7, 2025 6:37 AM

Feb 7 (Reuters) - Activist investor Elliott Management

said on Friday it has invested more than $1.5 billion in Aspen

Technology ( AZPN ), opposing the company's decision to accept

Emerson Electric's ( EMR ) tender offer.

Aspen's shares rose 4% in premarket trading.

Last month, Emerson agreed to buy the remaining shares

in software supplier Aspen that it did not already own for $7.2

billion.

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