|Bid||95.78 x 800|
|Ask||96.25 x 800|
|Day's range||95.17 - 96.56|
|52-week range||63.65 - 105.99|
|Beta (5Y monthly)||1.54|
|PE ratio (TTM)||27.00|
|Earnings date||01 Nov 2021 - 05 Nov 2021|
|Forward dividend & yield||2.02 (2.11%)|
|Ex-dividend date||12 Aug 2021|
|1y target est||109.60|
Shares of Aspen Technology (NASDAQ: AZPN) are on fire this week. Industrial giant Emerson Electric (NYSE: EMR) will merge its software operations with AspenTech, adding a $6 billion cash contribution to the reformed company. Emerson becomes the majority shareholder of AspenTech with a 55% stake.
ST. LOUIS, October 13, 2021--Emerson (NYSE: EMR) will report its fourth quarter and full year results prior to market open on Wednesday, Nov. 3, 2021. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 9 a.m. Eastern Time, 8 a.m. Central Time.
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.