AspenTech Will Not Revise Offer for KBC
Aspen Technology, Inc. (“AspenTech”) 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
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.”
is a leading supplier of software that optimizes process manufacturing – for
energy, chemicals, engineering and construction, and other industries that
manufacture and produce products from a chemical process. With integrated
aspenONE solutions, process manufacturers can implement best practices for
optimizing their engineering, manufacturing and supply chain operations. As a
result, AspenTech customers are better able to increase capacity, improve
margins, reduce costs and become more energy efficient. To see how the world’s
leading process manufacturers rely on AspenTech to achieve their operational
excellence goals, visit www.aspentech.com.
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