Emerson is set to acquire the remaining minority shares in Aspen, representing about 43% of the company’s stock at $265 a share.

Emerson Electric (EMR) to acquire remaining shares of Aspen Technology (AZPN) in a $7.2 billion deal, aiming to integrate software company for

Emerson Electric agreed to buy the remaining shares in AspenTech that it does not already own in a deal that values the stake at $7.2 billion, the companies said on Monday. The deal allows Emerson, which currently owns a near 57% stake in AspenTech,

The transaction was unanimously recommended for approval by a special committee of the AspenTech Board of Directors composed of three independent and disinterested directors (the "Special Committee"),