Elliott builds $1.5 billion stake in Aspen

Elliott builds $1.5 billion stake in Aspen, opposes Emerson deal
Activist investor Elliott Management said on Friday it has invested more than $1.5 billion in Aspen Technology, opposing the company's decision to accept Emerson Electric's $7.2 billion tender offer.
Elliott Stake in Aspen Tech Fuels Traders’ Bets on Higher Takeover Offer
Merger-arbitrage traders are piling into bets that the emergence of Elliott Investment Management as an investor in Aspen Technology Inc. will result in a higher buyout bid from the company’s majority holder Emerson Electric Co.
Aspen Technology upgraded to Buy at Loop Capital on Elliott involvement
Loop Capital upgraded Aspen Technology (AZPN) to Buy from Hold with a price target of $315, up from $265. The firm believes that Elliott’s
Aspen Technology Upgraded Amid Takeover Dispute with Emerson
Loop Capital upgraded Aspen Technology (AZPN, Financials) to a buy rating, citing expectations of a higher takeover bid from Emerson Electric amid pressure from activist investor Elliott Investment Management.
Aspen Tech Investor Elliott Opposes Emerson’s Terms
Elliott Investment Management has emerged as the largest minority investor in industrial-software company Aspen Technology Inc., with a position worth more than $1.5 billion, people with knowledge of the matter said.
Elliott built $1.5B stake in Aspen, sees Emerson bid as too low, Bloomberg says
Elliott Investment Managementhas become the largest minority investor in Aspen Technology (AZPN) with a stake in the industrial-software
Aspen Technology Shares Drop After Emerson Says Offer Best and Final
Shares of Aspen Technology fell Monday after Emerson Electric said its offer price of $265 per share is its best and final. This came after activist investor Elliott Management said last week that it had built a big stake in AspenTech and opposed the company’s decision to accept Emerson's offer,
Emerson says $265/shr offer for Aspen Technology is the `best and final' price
Emerson Electric's $265 per share tender offer for Aspen Technology is labeled as its best and final price despite criticism from Elliott
Emerson Electric finalizes $265 per-share offer for Aspen Technology
Emerson stated that the tender offer provides AspenTech minority stockholders the opportunity to tender their shares at a compelling and certain value of $265 per share in cash. This price was actively negotiated over a nearly three-month period between Emerson and the AspenTech Special Committee.
Elliott Disagrees With Emerson's Offer For Aspen, Says Highly Opportunistic
Elliott Investment Management L.P., Friday opposed Aspen Technology, Inc.'s (AZPN) agreement with Emerson Electric Co. (EMR) and said
Elliott discloses $1.5 billion stake in Aspen, pushes against merger with Emerson
Activist investor Elliott Management said on Friday it has invested more than $1.5 billion in Aspen Technology, opposing the company's decision to accept Emerson Electric's tender offer. Aspen's shares rose 4% in premarket trading.
Emerson says $265 per-share bid for Aspen is 'best and final'
The announcement comes days after activist investor Elliott Management said it invested over $1.5 billion in Aspen, opposing ...
Seeking Alpha4d
Aspen Technology gains as Elliott opposes terms of Emerson's takeover (update)
Update 9:08am: Adds Elliott confirmation, statement. Aspen Technology (NASDAQ:AZPN) rose 3.5% as Elliott Investment Management confirmed it has a large stake in the industrial software company ...