Top Midday Stories: AI Stocks Tank on Emergence of DeepSeek; AT&T Q4 Earnings, Revenue Top Estimates

MT Newswires00:54

Emerson Electric (EMR.US) plans to spend 7.2 billion USD to increase its shareholding in the remaining minority stake of Aspen Technology (AZPN.US).

Emerson Electric (EMR.US) announced on Monday that it plans to increase its shareholding in Aspen Technology (AZPN.US) by 7.2 billion dollars, involving a price of 265 dollars per share. The trade is expected to be completed in the first half of this year. After investing in a majority stake of 55% in Aspen in 2022, Emerson currently holds approximately 57% of Aspen's shares.

AASTOCKSJan 27 22:18

Sector Update: Tech Stocks Fall Premarket Monday

MT NewswiresJan 27 22:05

Express News | Emerson: Merger Agreement Provides for Payment by Aspentech to Co a Termination Fee in the Amount of $221 Mln

BreakingsJan 27 20:05

Emerson Electric To Finance Transaction With Cash on Hand, Debt Financing >EMR

Dow JonesJan 27 19:53

Express News | Emerson: Transaction Values Minority Stake Being Acquired at $7.2 Bln

BreakingsJan 27 19:50