Elliott builds $1.5 billion stake in Aspen

Elliott builds $1.5 billion stake in Aspen, opposes Emerson deal
(Reuters) -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 argues that Emerson's per-share 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.
Honeywell to split into 3 companies after Elliott Management takes $5 bn stake
Honeywell said it would separate its aerospace and automation businesses into separate entities, alongside its previously announced spin-off of the advanced materials unit
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.
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 challenges Emerson's bid for AspenTech at $265 a share
WEST PALM BEACH - Elliott Investment Management L.P., managing funds worth over $1.5 billion in Aspen Technology, Inc. (NASDAQ: NASDAQ:AZPN), today expressed its opposition to the tender offer made by Emerson Electric Co.
Aspen Technology gains as Elliott opposes terms of Emerson's takeover (update)
Adds Elliott confirmation, statement. Aspen Technology (NASDAQ:AZPN) rose 4% in premarket trading as Elliott Investment Management confirmed it has a large stake in the industrial software company and is opposed to the terms of Emerson Electric's (EMR) $265 a share takeover.
Honeywell to break up in latest corporate split after pressure from activist investor
Honeywell is splitting into three independently listed companies, breaking up one of America's last standing conglomerates ...
Industrial giant Honeywell announces split into 3 companies after investor pressure
Honeywell, one of the last remaining American industrial giants, announced it will split into three companies Thursday after ...
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Like GE before it, Honeywell will spin off its aerospace unit to meet soaring demand
Honeywell is following the conglomerate breakup of GE. Because of Boeing and Airbus backlogs, the sky could be the limit for ...
Elliott Investment completes acquisition of American Greetings stake — plus 4 more M&A deals to know
American Greetings, the second-largest U.S. greeting card company, has a new majority owner. Learn about other Northeast Ohio M&A deals this week.
Hedge fund Elliott warns White House is inflating crypto bubble that ‘could wreak havoc’
The Trump administration’s embrace of cryptocurrencies is helping fuel a speculative mania that could cause “havoc” when ...
Heavyweight hedge fund Elliott says Trump administration driving a crypto frenzy
One of the most powerful hedge funds on Wall Street has reportedly criticized the Trump administration for helping drive a ...
Honeywell to split into three after pressure from activist investor
(Reuters) -Honeywell said on Thursday it will split into three independently listed companies, breaking up one of America's ...
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Court to decide if Elliott-owned firm can enforce Funding Circle debts
High Court to rule on whether a debt buyer owned by Elliott management can collect on personal guarantees sold by funding ...
Two more Southwest Airlines board members step down, completing Elliott makeover
Two more Southwest Airlines board members will step down in April, finishing an overhaul in the company’s oversight group ...