Investing.com -- Shares of Aspen Technology Inc (NASDAQ:AZPN) rose as much as 4% after activist investor Elliott Investment Management disclosed stake in the company. Elliot has an investment of more than $1.5 billion in Aspen. Elliot in an statement said, "As the largest minority investor in AspenTech, we disagree with the Company's decision to support a $265.00 per share tender offer by its majority stockholder, Emerson (NYSE:EMR), to buy the AspenTech shares it does not already own. Emerson's offer is highly opportunistic and substantially undervalues the Company. Elliott has no intention of tendering its shares at the current price." Related Articles AZPN gains after activist investor Elliott disclosed stake Eli Lilly's rating gets an upgrade to Aa3 by Moody's Ratings BofA to buy $9 billion residential mortgage loan from Canada's TD, source says View Comments
AZPN gains after activist investor Elliott disclosed stake
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