Item 7.01. Regulation FD Disclosure
On May 16, 2022, Emerson Electric Co. ("Emerson") issued a press release
announcing the completion of the transactions contemplated by the Transaction
Agreement and Plan of Merger, dated as of October 10, 2021, as amended by
Amendment No. 1 to the Transaction Agreement and Plan of Merger, dated as of
March 23, 2022 and Amendment No. 2 to the Transaction Agreement and Plan of
Merger, dated as of May 3, 2022, by and among Emerson, Aspen Technology, Inc., a
Delaware corporation ("Aspen"), EMR Worldwide Inc., a Delaware corporation and a
wholly owned subsidiary of Emerson ("Emerson Sub"), Emersub CX, Inc., a Delaware
corporation and a wholly owned subsidiary of Emerson Sub ("New AspenTech"), and
Emersub CXI, Inc., a Delaware corporation and a direct wholly owned subsidiary
of Emersub CX, Inc. ("Merger Sub") (the "Transaction Agreement"). A copy of such
press release is attached hereto as Exhibit 99.1 and is furnished herewith.
Item 8.01. Other Events
On May 16, 2022, Emerson completed the previously announced transactions
contemplated by the Transaction Agreement. Pursuant to the Transaction
Agreement, (i) Emerson contributed $6,014,000,000 in cash to New AspenTech in
exchange for a number of shares of common stock, par value $0.0001 per share, of
New AspenTech ("Common Stock"), (ii) Emerson Sub contributed Open Systems
International, Inc. and the Geological Simulation Software business to New
AspenTech in exchange for a number of shares of Common Stock, (iii) Merger Sub
merged with and into Aspen, with Aspen as the surviving corporation and a direct
wholly owned subsidiary of New AspenTech (the "Merger"), and (iv) each
outstanding share of common stock of Aspen (with certain exceptions) was
converted into the right to receive 0.42 shares of Common Stock and $87.69 in
cash. As a result of the transactions contemplated by the Transaction Agreement,
Emerson will beneficially own 55% of the outstanding shares of Common Stock
(calculated on a fully diluted basis) and pre-Merger Aspen stockholders own the
remaining outstanding shares of Common Stock. New AspenTech has been renamed
Aspen Technology, Inc., and will be listed on NASDAQ with the ticker symbol
AZPN.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number Description
99.1 Press release, dated May 16, 2022 issued by Emerson
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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