We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
-1.40 | -0.57% | 246.05 | 245.80 | 246.95 | 247.10 | 244.30 | 246.00 | 605,076 | 16:40:00 |
By Patrick Costello
Schneider Electric SE (SU.FR) said Monday that it has entered exclusive negotiations with the U.S. private-equity firm Transom Capital Group over the sale of its Pelco video-surveillance business unit.
The proposed transaction follows a strategic review on assets totalling 1.5 billion euros ($1.7 billion) and EUR2 billion announced in Schneider's 2018 results, the French energy-management company said.
The transaction would be subject to the consultation of the relevant work councils and would be finalized after the completion of this process. It would trigger a noncash loss of disposal of up to EUR250 million, Schneider said. The net impact of this would be excluded from the net income used for dividend calculation, it said.
Write to Patrick Costello at patrick.costello@dowjones.com.
(END) Dow Jones Newswires
March 25, 2019 04:08 ET (08:08 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Schneider Electric Chart |
1 Month Schneider Electric Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions