PTC Stock Surges 35% on Schneider Electric Acquisition
Shares of industrial-software maker PTC surged more than 35% after France's Schneider Electric agreed to acquire the company, a move aimed at preparing its portfolio for industrial artificial intelligence.
S. industrial-software maker PTC are up more than a third after France’s Schneider Electric agreed to buy the company, in a move to prepare its portfolio for industrial artificial intelligence. The move puts PTC, the S&P 500’s best performer today, on course for its largest percentage move.