Emerson announces key actions to complete the portfolio transformation to an industrial technology leader delivering advanced automation solutions

Proposes to acquire remaining outstanding shares of aspentech for $240 per share in cash commences review of strategic alternatives for safety & productivity segment announces increased return of capital to shareholders with plans to repurchase approximately $2.0 billion of shares in fiscal 2025; expecting $1.0 billion in fiscal q1 st. louis , nov. 5, 2024 /prnewswire/ -- emerson (nyse: emr) today announced three key strategic and financial actions in the final phase of its portfolio transformation to an industrial technology leader focused on automation: emerson has made a proposal to acquire all outstanding shares of common stock of aspentech (nasdaq: azpn) ("aspentech") not already owned by emerson for $240 per share in cash.
EMR Ratings Summary
EMR Quant Ranking