PARIS/LONDON—French industrial group Schneider Electric said it would proceed with a full takeover of British software company Aveva Plc, offering 31 pounds per share in a deal valuing the whole of Aveva at around 9.48 billion pounds ($10.8 billion). Schneider said its offer represented a premium of around 41 percent to Aveva’s closing share price…
France’s Schneider Considers Full Buyout of AVEVA
PARIS—French industrial conglomerate Schneider is considering buying out minority shareholders in software company AVEVA, it said on Wednesday, sending the British company’s share price up by more than 32 percent. Schneider, which already owns nearly 60 percent of AVEVA, said it would decide by 4 p.m. GMT on Sept. 21 whether to go ahead with…
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