UPDATE 1 — Schneider to launch €1.2 billion takeover bid for smart device firm Shelly
(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