Schneider Electric SE
SU: XPAR (FRA)
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Schneider: Acquisition of PTC for $22.6 Billion Makes Strategic Sense; Maintain Fair Value Estimate
Schneider Electric has agreed to acquire PTC for $22.6 billion or $205 per share, which represents a 42% premium to the last closing price, in an all-cash deal. PTC is a top-four player in the oligopoly product lifecycle management and computer-aided design software market.
