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Schneider Electric SA Launches Capital Increase as Part of Takeover Bid for Invensys PLC-L'Agefi Quotidien


Wednesday, 11 Sep 2013 08:00pm EDT 

L'Agefi Quotidien reported that the French Financial Market Regulator (AMF) has authorized a capital increase by Schneider Electric SA which will be used to partially finance the acquisition of Invensys PLC. The shares will form part of the payment offered for Invensys PLC's common shares. Schneider Electric SA is to issue approximately 17 million new shares, representing around 3% of the share capital after completion of the issue.