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Earlier, Elliott Investment disagreed with the Company's decision to support a $265.00 per share tender offer by its majority stockholder, Emerson, to acquire the AspenTech shares it does not already own.
Should the tender offer expire without the majority of the minority condition being met, Emerson has no interest in a disposition or sale of its holdings and will maintain its majority ownership stake in and governance rights related to AspenTech, which will remain a publicly-traded controlled company.