M&A
confidence high
sentiment positive
materiality 0.85
Emerson proposes $240/share cash buyout of remaining AspenTech; $2B buyback, S&P sale review
EMERSON ELECTRIC CO
- Proposed to acquire remaining ~43% of AspenTech (AZPN) for $240/share cash, ~$15.3B equity; 35% premium to undisturbed price.
- Exploring strategic alternatives, including cash sale, for Safety & Productivity segment ($1.4B sales, 24.5% adj. EBITA margin).
- Plans to repurchase ~$2.0B of common stock in FY2025, with ~$1.0B expected completed in fiscal Q1.
- Transaction expected neutral to Adjusted EPS in FY2025 with synergies; requires special committee and majority minority approval.