Schneider Electric to buy PTC for $23 billion
Schneider Electric has agreed to acquire PTC for $205 per share in cash, a deal valued at $23 billion. The acquisition comes as Schneider Electric has benefited from the AI build-out.
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08:11:47 AM UTC
SquawkNews
PTC, Inc. (PTC) shares jumped over 34% in early premarket trading on Monday after Schneider Electric confirmed it will acquire the industrial software maker for $22.6 billion in cash, hours after media reports flagged the deal.Schneider will pay $205 per PTC share, a 42.3% premium to the stock’s Fr…
Schneider Electric on Monday agreed to buy PTC for $205 per share in cash in a deal valued at $23 billion. The French electrical equipment group has benefited from the AI build-out.