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Schneider Electric SA Prepares Takeover Bid for Invensys PLC-Reuters


Wednesday, 10 Jul 2013 08:00pm EDT 

Reuters reported that Invensys PLC announced that it has received a friendly takeover bid from Schneider Electric SA. Schneider Electric SA is offering GBP 5.05 per share, which represents GBP 3.3 billion (EUR 3.8 billion) in total. Schneider Electric SA would pay GBP 3.19 in cash, and GBP 1.86 in shares. The price of GBP 5.05 per share represents a premium of 15% on the closing price of Invensys PLC shares on July 11, 2013. 

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