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Schneider Electric Nears $20B Deal to Acquire PTC

Schneider Electric is reportedly close to acquiring U.S. software company PTC for over $20 billion, which would be the French industrial giant's largest acquisition to date. PTC shares surged 17% in overnight trading on the news.

PTCSU

S. software company PTC, Inc. (PTC) for more than $20 billion, If completed, the transaction would be the French industrial group’s largest acquisition to date. m.

EDT.