“We believe we can negotiate a merger agreement promptly in parallel to other discussions on our proposal,” Emerson’s letter stated, underscoring the company’s readiness to move quickly.
Broader Strategic Plans and Stock Buyback Program
Alongside its offer for AspenTech, Emerson disclosed plans to evaluate strategic alternatives for its safety and productivity business, which operates outside its core automation focus. Additionally, the company announced a $2 billion stock repurchase program for fiscal year 2025, signaling a commitment to returning value to its shareholders.
Emerson to buy AspenTech Shares : Legal Advisors
Emerson has retained Davis Polk & Wardwell LLP as legal advisors on the proposed transaction. The Davis Polk team includes corporate partners Phillip R. Mills and Cheryl Chan, alongside partners specializing in executive compensation, tax, intellectual property, antitrust, and capital markets.
AspenTech has not yet publicly responded to Emerson’s offer. If accepted, the acquisition would mark a significant step for Emerson as it deepens its footprint in the industrial software market and aligns with broader ambitions for growth and value creation.
