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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ISM Services due; PTC surges on Schneider deal, Qualcomm rises
Markets are awaiting 10:00 AM ET ISM Services, expected around 55.1 versus 55.4 previously, and Wednesday's FOMC minutes. Premarket, PTC is up about 35% after Schneider Electric agreed to buy it for $205 a share in a $22.6 billion all-cash deal, Qualcomm is up nearly 4% after a Huawei patent agreement, and Intel is dow
Schneider Electric to Buy PTC for $22.6 Billion
Schneider Electric has agreed to acquire U.S. industrial-software maker PTC in an all-cash deal valued at $22.6 billion, offering $205 per share, a 42% premium.
Schneider Electric To Acquire PTC For $205 Per Share In All-Cash Deal, Implied Enterprise Value Of $23.7B - Sources
Schneider Electric To Acquire PTC For $205 Per Share In All-Cash Deal, Implied Enterprise Value Of $23.7B - Sources