Tender Offer Turbulence With AspenTech and H&E – Merger Arbitrage Mondays
Aspen Technology (AZPN): $274.80
Market Cap: $17.38 B
Deal Size: $16.8 B
Activist investor Elliott Management came out swinging last week against the acquisition of Aspen Technology by Emerson Electric (EMR) for $265 per share in cash. Elliott announced that it has an investment of $1.5 billion in the Aspen Technology, and is the largest minority sharehold…
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