Schneider Electric to Acquire PTC for $205 Per Share in All-Cash Deal
Schneider Electric will acquire PTC for $205 per share in cash, with PTC becoming a wholly owned subsidiary and delisting from Nasdaq upon closing.
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11:54:31 AM UTC
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Schneider Electric's $22.6 billion deal to buy PTC shouldn't raise major antitrust concerns, but politics could theoretically pose a threat, MKI Global Partners says. "PTC's software is widely used across the U.S. defense industrial base, and the buyer is French at a time when relations between Was…
PTC entered into an Agreement and Plan of Merger with Schneider Electric under which Schneider Electric will acquire PTC for $205 per share in cash. Upon closing, PTC will become a wholly owned subsidiary of Schneider Electric and its shares will be delisted from Nasdaq. The deal is subject to shar…