Benzinga | Dec 2, 2021 04:13PM EST

AspenTech Announces HSR And Austrian Antitrust Approval For Proposed Transaction With Emerson

Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced, in connection with its proposed transaction with Emerson (NYSE:EMR), the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), and antitrust clearance from the Austrian Federal Competition Authority.

Expiration of the waiting period under the HSR Act and Austrian antitrust approval satisfy two conditions to the closing of the pending transaction, which was announced on October 11, 2021. The transaction remains subject to approval by AspenTech shareholders, antitrust approval in Russia and South Korea, and other customary closing conditions. The closing of the transaction is expected to occur in the second calendar quarter of 2022.