Reuters logo
Schneider says Invensys agrees to $5.2 bln bid
July 31, 2013 / 6:33 AM / 4 years ago

Schneider says Invensys agrees to $5.2 bln bid

PARIS, July 31 (Reuters) - France’s Schneider Electric said on Wednesday that Invensys L> has agreed to a friendly bid that values the British engineer at 3.4 billion pounds ($5.2 billion).

Schneider is offering 502 pence a share, representing a 14 percent premium to Invensys’ closing price of 440 pence on July 11, before talks between the two companies became public.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below