Schneider Electric shares plunge on record $22.6bn PTC deal
- PTC: 3 events in the last 90 days
- Previous: earlier the same day · Schneider Electric nears deal to buy software group PTC for $20bn
What happened
French energy technology group Schneider Electric has signed a definitive agreement to acquire Boston-based PTC for $22.6bn (€20.1bn) to expand its industrial AI business. The French company's shares plummeted on Monday following the announcement.
Summary assembled by rule from the sources below