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Why Aspen Technology Stock Is Soaring Today

Anders Bylund, The Motley Fool
·2-min read
Why Aspen Technology Stock Is Soaring Today

The developer of industrial asset management software is merging with the software side of industrial giant Emerson Electric (NYSE: EMR) in a deal valued at roughly $11 billion. Emerson is spinning out its industrial software operations -- Open Systems International (OSI) and Geological Simulation Software -- to merge with AspenTech in a cash-plus-stock transaction. Current Aspen shareholders will get a cash payment of $87 per share plus 0.42 stubs of the "new AspenTech" company, giving them 45% ownership of the reformed business while Emerson takes a controlling 55% stake.

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