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SU Schneider Electric SE

217.35
5.95 (2.81%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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
  5.95 2.81% 217.35 213.75 218.00 218.10 212.85 213.75 845,995 16:40:00

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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From Apr 2022 to Apr 2024

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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 michael.susin@wsj.com

 

(END) Dow Jones Newswires

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

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

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