08:32 AM EST, 02/07/2025 (MT Newswires) -- Aspen Technology's ( AZPN ) largest minority investor Elliott Investment Management plans to oppose Emerson Electric's ( EMR ) offer to buy the Aspen shares it does not already own at $265 each in cash, Bloomberg News reported Friday, citing sources with knowledge of the details.

Elliott Investment Management has an over $1.50 billion stake in Aspen Technology ( AZPN ), according to the report.

Elliott, Aspen and Emerson did not immediately reply to requests for comment from MT Newswires.

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