Emerson completes combination with AspenTech, owns 55% of new industrial software leader

EMERSON ELECTRIC CO

Emerson contributed $6.014B cash and its OSI Inc. and Geological Simulation Software businesses to new AspenTech.
AspenTech shareholders received 0.42 shares of new AspenTech common stock plus $87.69 cash per share.
New AspenTech begins trading on NASDAQ under ticker AZPN on May 17, 2022; Emerson owns 55% fully diluted.
Transaction expected to generate significant revenue and cost synergies, expanding Emerson's software portfolio.
New AspenTech CEO Antonio Pietri cites comprehensive software portfolio and stronger balance sheet for growth.

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