NEW
YORK, Jan. 27, 2025 /PRNewswire/ -- Shareholder
rights law firm Julie & Holleman LLP is investigating the
proposed $265 per share acquisition
of Aspen Technology, Inc. (NASDAQ: AZPN) by the company's
controlling stockholder, Emerson Electric Co. (NYSE: EMR). The firm
is concerned about the price being offered as well as potential
conflicts of interest.
For a free consultation and to learn more about our
investigation, visit
https://julieholleman.com/aspen-technology-inc/
Aspen Technology is a global leader in industrial software,
providing software solutions to a wide range of asset-intensive
industries. Since 2022, Aspen Technology's largest and controlling
stockholder has been Emerson, which currently owns approximately
57% of Aspen Technology's stock. Through the merger, Emerson plans
to buy the remaining 43%.
Julie & Holleman, whose attorneys have helped secure
hundreds of millions of dollars for shareholders, is concerned
about the inadequate deal price. Aspen Technology's stock had
already begun to climb steadily and substantially since mid-2024,
and the company might have continued to appreciate more than
$265 per share as a standalone
company. Indeed, at least one Wall Street analyst established a
price target of $275 per share,
representing approximately $270
million in lost value.
Julie & Holleman is also concerned about conflicts of
interest. As Aspen Technology's controller, Emerson has had the
ability to dictate and influence corporate governance matters, and
it is possible that Emerson misused its authority to force an
unfair deal.
If you would like more information about Julie & Holleman's
investigation, please contact W. Scott
Holleman at scott@julieholleman.com or (929) 415-1020, or
submit your contact information by clicking here.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions,
and corporate investigations. The firm's attorneys litigate in
state and federal courts across the nation and have helped secure
hundreds of millions of dollars for aggrieved companies and their
shareholders. For more information about the firm, please visit
https://www.julieholleman.com/. This notice may constitute attorney
advertising. Past results do not guarantee future outcomes.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
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SOURCE Julie & Holleman LLP