We are advising Emerson on its proposal to acquire the remaining outstanding shares of AspenTech

Davis Polk is advising Emerson Electric Co. on its proposal to acquire all outstanding shares of common stock of Aspen Technology, Inc. (AspenTech) not already owned by Emerson for $240 per share in cash, at an implied enterprise value of $15.3 billion. Upon completion of the transaction, AspenTech would become a wholly owned subsidiary of Emerson.

Davis Polk advised Emerson on its initial 55% majority investment in AspenTech, completed in 2022.

Headquartered in St. Louis, Missouri, Emerson is a leading global technology, software and engineering company providing innovative solutions for customers in industrial and commercial markets.

Headquartered in Bedford, Massachusetts, AspenTech is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle.

The Davis Polk corporate team includes partners Phillip R. Mills and Cheryl Chan and associate Alex Yang. Partner Travis Triano and associate Elizabeth Smith are providing executive compensation advice. Partners Michael Mollerus and Corey M. Goodman are providing tax advice. Partner Frank J. Azzopardi is providing intellectual property advice. Partner Ronan P. Harty is providing antitrust and competition advice. Partner John B. Meade is providing capital markets advice. All members of the Davis Polk team are based in the New York office. 

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