Share Name Share Symbol Market Type
Schneider Electric SE EU:SU Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.16 1.47% 149.44 149.44 149.48 150.76 147.76 149.08 307,090 15:00:19

Aveva Reaches Agreement With Schneider on Final Takeover Offer

11/11/2022 2:12pm

Dow Jones News

Schneider Electric (EU:SU)
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By Michael Susin


Aveva Group PLC said on Friday that it has reached an agreement with Schneider Electric for an increased and final recommended cash takeover offer for Aveva's shares.

The U.K. engineering and industrial-software company said the final offer values its total share capital at around 9.8 billion pounds ($11.55 billion) on a fully diluted basis, implying an enterprise value of GBP10.57 billion.

The company said shareholders will have the right to consider the offer at the general meeting in Nov. 25.


Write to Michael Susin at


(END) Dow Jones Newswires

November 11, 2022 08:57 ET (13:57 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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