Aspen Technology : Emerson to merge software units with AspenTech in $11 billion deal
10/11/2021 | 07:09am EDT
(Reuters) - Industrial-automation systems maker Emerson Electric Co said on Monday it would merge its software units with smaller rival Aspen Technology in a deal for about $11 billion.
The cash-and-stock deal is for about $160 per AspenTech share, the company said.
(Reporting by Sanjana Shivdas in Bengaluru; editing by Uttaresh.V)