Schneider to launch €1.2 billion takeover bid for smart device firm Shelly

France's Schneider Electric EURONEXT:SU said on Thursday it intended to launch a voluntary public takeover offer for Bulgarian smart-home device maker Shelly Group BSESOF:SLYG for €70 per share.The all-cash offer values Shelly at about €1.2 billion ($1.4 billion) and is expected to close by the fir…