Schneider Electric SE (SCHN.PA)
20 Oct 2017
* ALL RESOLUTIONS IN CONNECTION WITH PROPOSED COMBINATION OF AVEVA AND SCHNEIDER ELECTRIC SOFTWARE BUSINESS WERE PASSED ON A POLL AT GENERAL MEETING Source text for Eikon: Further company coverage:
ZURICH Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion in a bet it can improve the division's lackluster margins over the next five years, the Swiss engineering company said on Monday.
* ABB suspends share buyback programme (Adds comment from ABB CEO from call, analyst comment)
Sept 7 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
Sept 6 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
MILAN European shares inched lower on Tuesday dragged down by losses in the heavyweight financial sector as worries over North Korea persisted and caution grew before a European Central Bank policy meeting later in the week.
* Downbeat broker note hits Inmarsat (Recasts with details, adds closing prices)
LONDON France's Schneider Electric will take a 60 percent stake in an enlarged industrial software business worth about 3 billion pounds after agreeing to combine with Britain's Aveva Group at the third time of asking.
* France's Schneider will own 60 pct of London-listed company
Sept 5 The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday: