Aveva’s shareholders agree to €11 billion Schneider Electric buyout
Schneider Electric has acquired Aveva, one of the most prominent technology firms in the UK. Minority shareholders agreed to an €11.4 million takeover bid.
Schneider, which already controlled about 60 percent of Aveva, increased its acquisition bid earlier this month after several large inves... Read more
Aveva shareholders attempt to thwart acquisition by Schneider Electric
Two major Aveva shareholders are opposing the proposed acquisition of Aveva by Schneider Electric. In their view, the bid of 11 billion euros (9.5 billion British pounds) is too low.
The two major shareholders, Mawer Investment Management and M&G Investments, consider the bid to be opportuni... Read more
Schneider Electric to acquire Aveva in $11 billion deal
Schneider Electric, a French industrial conglomerate, announced the acquisition of British software developer Aveva, proposing £31 per share in a deal valued at £9.48 billion (nearly $11 billion).
Schneider Electric said its offer represents a 41 precent premium on Aveva's share price of £21.... Read more
Schneider Electric considers multibillion-euro acquisition of Aveva
Schneider Electric is considering the acquisition of Aveva, a British industrial software provider. The announcement caused Aveva's share price to soar by 32 percent.
Schneider Electric currently holds a majority stake in Aveva. The organization is considering a buyout of the remaining sharehol... Read more