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By Dominic ChoppingSchneider Electric plans to launch a takeover bid for smart-device maker Shelly Group that values the company at around 1.2 billion euros ($1.37 billion).The two companies said they have entered an investment agreement in connection with a 70-euro-a-share offer. Shelly Group shar…
(Updates with expected deal closure in paragraph 2, premium and founders' stake in paragraphs 3-4, background in paragraph 5) Sept 24 (Reuters) — France's Schneider Electric said on Thursday it intended to launch a voluntary public takeover offer for Bulgarian smart-home device maker Shelly Group for €70 per share. The
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…
SHELLY GROUP AD BSESOF:SLYG
Schneider Electric unit SE 2026 A SAS signed an investment agreement tied to a planned voluntary takeover of Shelly Group at EUR 70 per share. Offer would target all outstanding shares, conditional on Schneider Electric reaching at least 95% ownership via direct and indirect holdings. Shelly Group’s board indicated pre
EQS-Ad-hoc: Shelly Group SE / Key word(s): Mergers and Acquisitions / Takeover Offer Shelly Group SE enters into Investment Agreement with Schneider Electric SE 24-Sep-2026 / 07:15 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by 1 EQS News — a servi