France’s Schneider Electric buys Britain’s Aveva for £9.4bn
French digital automation and energy management company Schneider Electric says it will advance a full takeover of Cambridge-based software company Aveva Group Plc in a deal that will price the industrial software maker about £9.48 billion ($10.7 billion). billion $). Schneider is offering £31 (about $34.8) per share, a roughly 41% premium to Aveva’s closing …
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