By Michael Susin

 

Aveva Group PLC said on Friday that it has reached an agreement with Schneider Electric for an increased and final recommended cash takeover offer for Aveva's shares.

The U.K. engineering and industrial-software company said the final offer values its total share capital at around 9.8 billion pounds ($11.55 billion) on a fully diluted basis, implying an enterprise value of GBP10.57 billion.

The company said shareholders will have the right to consider the offer at the general meeting in Nov. 25.

 

Write to Michael Susin at michael.susin@wsj.com

 

(END) Dow Jones Newswires

November 11, 2022 08:57 ET (13:57 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Schneider Electric (EU:SU)
Historical Stock Chart
Von Jan 2023 bis Feb 2023 Click Here for more Schneider Electric Charts.
Schneider Electric (EU:SU)
Historical Stock Chart
Von Feb 2022 bis Feb 2023 Click Here for more Schneider Electric Charts.