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Emerson Electric Co. is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York on Jan. 13, 2020. Brendan McDermid/Reuters
Industrial-automation systems maker Emerson Electric Co. said on Monday it would merge its software units with smaller rival Aspen Technology in a deal for about $11 billion.
The cash-and-stock deal is for about $160 per AspenTech share, the company said.
