Group 1: Acquisition Details - Emerson Electric Co. has acquired all outstanding shares of Aspen Technology, Inc., increasing its ownership from 57% to 100% [1][3] - The acquisition was structured as an all-cash tender offer, valuing AspenTech at a market capitalization of $17.0 billion and an enterprise value of $16.8 billion, with Emerson offering $265 in cash for each remaining share [3] Group 2: Strategic Rationale - The acquisition aligns with Emerson's strategy to enhance operations and expand market presence, boosting its automation portfolio and enabling entry into new markets [4] - AspenTech's asset optimization software solutions will advance Emerson's capabilities in software-defined control under industrial automation [4] Group 3: Existing Business Performance - Emerson is experiencing healthy demand across most end markets, with sales in the process and hybrid industries up 2% in the first quarter of fiscal 2025, and expected to grow mid-single digits driven by energy, LNG, and power markets [5] - The Intelligent Devices and Software and Control segments are performing strongly, with sales in the Final Control business increasing 4% year over year in the fiscal first quarter [6] - The Measurement & Analytical business saw sales rise 3% year over year in the fiscal first quarter, supported by robust growth across geographies [7] Group 4: Challenges - There is softness in the Americas and Europe regions within the Safety & Productivity business, with sales in the Discrete Automation business declining 5% in the first quarter of fiscal 2025 [8] - Emerson operates in a highly competitive market, facing competition from companies like Ingersoll Rand plc, Rockwell Automation, and Franklin Electric Co., Inc. [9]

Core Viewpoint - Emerson has extended its tender offer to acquire all outstanding shares of Aspen Technology, Inc. until 5:00 p.m. Eastern Time on March 11, 2025, to accommodate share settlement due to an index change [1][2]. Group 1: Tender Offer Details - The tender offer is for all outstanding shares of AspenTech not already owned by Emerson at a price of $265 per share, which is stated as Emerson's best and final price [3]. - As of March 7, 2025, approximately 6,715,211 shares had been validly tendered and not withdrawn [3]. - The tender offer remains subject to the satisfaction of specified conditions [2]. Group 2: Index Change Impact - The extension of the tender offer is related to AspenTech's replacement in the S&P MidCap 400 index, effective prior to the opening of trading on March 11, 2025 [1]. Group 3: Information and Resources - Equiniti Trust Company, LLC is the depository and paying agent for the tender offer, while Innisfree M&A Incorporated acts as the information agent [4]. - Additional information regarding the tender offer can be found in the Tender Offer Statement filed with the SEC [8][10].

Tender Offer to Now Expire at 5:00 p.m. Eastern Time on March 11, 2025 ST. LOUIS, March 10, 2025 /PRNewswire/ -- Emerson (NYSE: EMR) today announced that it has extended the expiration of its tender offer to acquire all outstanding shares of common stock of Aspen Technology, Inc. (NASDAQ: AZPN) ("AspenTech") not already owned by Emerson to 5:00 p.m. Eastern Time on March 11, 2025. This one business day extension is to accommodate the settlement and tendering of shares of AspenTech common stock that may be s ...

Core Points - Albertsons Companies Inc. will replace Aspen Technology Inc. in the S&P MidCap 400 effective March 11, 2025 [1] - Emerson Electric Co. is acquiring Aspen Technology, with the deal expected to be completed soon [1] Company Changes - Addition of Albertsons Companies to S&P MidCap 400 under the ticker ACI in the Consumer Staples sector [1] - Deletion of Aspen Technology from S&P MidCap 400 under the ticker AZPN in the Information Technology sector [1]

Group 1 - The law firm Kessler Topaz Meltzer & Check, LLP is investigating potential claims on behalf of Aspen Technology, Inc. shareholders regarding its acquisition by Emerson Electric Co. [1] - The investigation focuses on whether Aspen shareholders are receiving adequate consideration for their shares and if the acquisition price resulted from a fair process [1] Group 2 - Kessler Topaz Meltzer & Check, LLP has a history of prosecuting class actions involving securities fraud and breaches of fiduciary duties, recovering billions for investors [2] - The firm represents a wide range of clients, including investors, consumers, and whistleblowers, emphasizing its role in corporate governance reform [2]

Core Insights - Aspen Technology reported revenue of $303.56 million for the quarter ended December 2024, reflecting an 18% increase year-over-year and a surprise of +3.08% over the Zacks Consensus Estimate of $294.5 million [1] - The company's EPS for the quarter was $2.06, up from $1.37 in the same quarter last year, resulting in an EPS surprise of +11.35% compared to the consensus estimate of $1.85 [1] Revenue Breakdown - Maintenance revenue was reported at $90.58 million, which is a year-over-year increase of +6.5%, but below the two-analyst average estimate of $94.53 million [4] - Services and other revenue reached $24.73 million, exceeding the average estimate of $20.80 million based on two analysts [4] - License and solutions revenue was $188.25 million, surpassing the average estimate of $179.16 million and showing a year-over-year change of +23.5% [4] Stock Performance - Aspen Technology's shares have returned +4.5% over the past month, outperforming the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Aspen Technology (AZPN) came out with quarterly earnings of $2.06 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.35%. A quarter ago, it was expected that this software maker would post earnings of $1.51 per share when it actually produced earnings of $0.85, delivering a surprise of -43.71%.Over the last four quarters, the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41400 ASPEN TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) Delaware 87-3100817 (State or other juri ...

Exhibit 99.1 Contacts: | Media | Contact | Investor Contact | | --- | --- | --- | | Len | Dieterle | William Dyke | | Aspen | Technology | Aspen Technology | | +1 | 781-221-4291 | +1 781-221-5571 | | len.dieterle@aspentech.com | | ir@aspentech.com | Aspen Technology Announces Financial Results for the Second Quarter of Fiscal 2025 Bedford, Mass. – February 4, 2025 - Aspen Technology, Inc. ("AspenTech" or the "Company") (NASDAQ: AZPN), a global leader in industrial software, today announced financial results ...

Aspen Technology (AZPN) shares soared 3.3% in the last trading session to close at $263.50. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 1.6% gain over the past four weeks.The increase in share price can be attributed to Emerson’s announcement of acquisition of remaining shares of Aspen. The deal, structured as an all-cash tender offer, values the minority stake being acquired at $7.2 billion, with a per-share price of $265.00 ...