Elliott Assoc. Sues Aspen Tech for Emerson Merger Records (1)

Elliott Associates LP is asking a Delaware state court to compel Aspen Technology Inc. to produce records related to its recent merger agreement with Emerson Electric Co.

The public disclosures related to the merger “reveal multiple fundamental flaws with the process” leading up to the transaction, and contain insufficient information to allow stockholders to make a fully informed decision about whether to tender their shares, Elliott alleged in a complaint filed Wednesday in the Delaware Chancery Court.

Emerson acquired 55% of Aspen’s stock in 2022, and that agreement allowed Emerson to designate a majority of the board and its ...