Schneider Electric SA Gets Serbian Authority's OK To Buy Telvent GIT SA-DJ

Dow Jones reported that Schneider Electric SA said Serbia's competition authority approved the proposed acquisition of Telvent GIT SA. Schneider Electric launched a tender offer to buy all outstanding shares of Telvent for $40 per share without interest and less any applicable withholding taxes. With the receipt of the regulatory approval from the Serbian competition authority, all necessary regulatory approvals and clearances have been granted and the related condition to the closing of the tender offer has been satisfied.