Aspen Technology, Inc. AZPN announced today that it does not
intend to revise its offer of 185 pence for each share of KBC Advanced
Technologies plc ("KBC") which was announced on January 12, 2016.
Earlier today, KBC issued an announcement stating it has agreed to
accept an acquisition offer of 210 pence per share from Yokogawa
Electric Corporation.
Supporting QuoteAntonio Pietri, President & CEO,
AspenTech"While we had looked forward to the combination of
AspenTech and KBC, we believe our proposed purchase price of 185p
represented full and fair value. As with every aspect of our business,
AspenTech takes a disciplined approach when assessing potential
acquisitions."
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in