WEST
PALM BEACH, Fla., Feb. 7, 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 Company's recently announced
agreement with Emerson Electric Co. (NYSE: EMR) ("Emerson"):
"As the largest minority investor in AspenTech, we disagree with
the Company's decision to support a $265.00 per share tender offer by its majority
stockholder, Emerson, to acquire the AspenTech shares it does not
already own. Emerson's offer is highly opportunistic and
substantially undervalues the Company. Elliott has no intention of
tendering its shares at the current price."
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.
