Aveva Reaches Agreement With Schneider on Final Takeover Offer
11 November 2022 - 03:12PM
Dow Jones News
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)
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