It was reported by Wisdom Finance that Emerson Electric (EMR.US) proposed to acquire the remaining outstanding shares of Aspen Technology (AZPN.US) with a cash offer of $240 per share. The company aims to complete its investment portfolio transformation and become a specialist in industrial technology focusing on automation. This acquisition offer implies a post-dilution market cap of $15.3 billion for Aspen Technology, with an enterprise value of $15.1 billion.

Emerson Electric currently holds about 57% of Aspen Technology's outstanding shares. The proposed transaction follows Emerson Electric's completion of a majority equity investment of 55% in the industrial software company in 2022. Upon completion of the transaction, Aspen Technology will become a wholly-owned subsidiary of Emerson Electric. The company anticipates that the proposed synergies are expected to have a neutral impact on adjusted earnings per share for the fiscal year 2025.

In a press release, Emerson Electric stated: "The merger of Emerson Electric and Aspen Technology will advance key initiatives, creating new opportunities through comprehensive integration as one company, and further accelerating Emerson Electric's industrial software strategy."

Emerson Electric also announced two additional strategic actions as part of its investment portfolio transformation: planning to repurchase approximately $2 billion of common stock in fiscal year 2025, and initiating a process to explore strategic options for the safety and productivity division, including cash sales.

Furthermore, Emerson Electric disclosed its financial performance for the fourth quarter. As of the time of writing, on Tuesday, Emerson Electric's stock price pre-market rose by 6%, and Aspen Technology's stock price increased by 5%.