Deals
Emerson Electric Is in Talks About Deal With Aspen Technology
- Shares of Aspen Tech rise up to 8% in trading after hours
- Discussions come as industrial firms focus on tech, automation
Emerson Electric headquarters in St. Louis, Missouri.
Source: Emerson Electric Co.
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Emerson Electric Co. is in talks over a combination with Aspen Technology Inc. to create an industrial software giant, according to people with knowledge of the matter.
Emerson is discussing a deal to merge its software assets with Aspen Tech and gain majority control of the combined entity for its shareholders, the people said, asking not to be identified because talks are private.