Emerson is set to acquire the remaining minority shares in Aspen, representing about 43% of the company’s stock at $265 a share.

Emerson Electric agreed to buy the remaining shares in AspenTech that it does not already own in a deal that values the stake at $7.2 billion, the companies said on Monday. The deal allows Emerson, which currently owns about 57% stake in AspenTech,

Key Takeaways Emerson Electric said it will buy all the remaining shares of Aspen Technology it doesn't already own for about $7.2 billion in an all-cash deal.Emerson will pay $265 per share for the stake,