Aspen Technology shares explode past Emerson Electric’s $15bn takeover bid – Is a bidding war brewing?

Aspen Technology shares explode past Emerson Electric’s $15bn takeover bid – Is a bidding war brewing?

Aspen Technology shares have surged beyond Emerson Electric’s proposed acquisition price, igniting market speculation that the industrial software giant is worth more than the offered $15.1 billion. The initial cash proposal of $240 per share by Emerson Electric has been eclipsed as Aspen Technology’s stock climbed nearly 5%, trading above $249 per share in premarket […]