Very quick: Yokogawa outbids AspenTech for KBC

Feb 17, 2016 | Hot Topics

You don’t see this every day: AspenTech says that Yokogawa has outbid it to win KBC, which it just last month said would acquire. AspenTech says 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.”

KBC’s share jumped in response, though some of the chatter I’ve seen thinks there may be another offer coming. Doesn’t look like it will be from AspenTech …