Schneider Electric To Buy PTC For $205 Per Share

By Reuters News

- Schneider Electric SE SCHN.PA:

  • SCHNEIDER ELECTRIC TO ACQUIRE PTC, CREATING THE NEXT LEVEL OF ENERGY AND INDUSTRIAL INTELLIGENCE

  • ALL-CASH ACQUISITION AT $205 PER SHARE FOR 100% OF THE SHARE

  • IMPLIED ENTERPRISE VALUE OF $23.7 BILLION (€21.1 BILLION)

  • CAPITAL OF PTC, VALUING PTC’S EQUITY AT APPROXIMATELY $22.6 BILLION

  • REPRESENTS A 42.3% PREMIUM TO THE LAST CLOSING PRICE

  • APPROXIMATELY €800 MILLION OF EXPECTED REVENUE SYNERGIES

  • TO BE FUNDED VIA COMBINATION OF EQUITY ISSUANCE OF AROUND €5 TO 6 BILLION AND NEW DEBT ISSUANCE OF AROUND €16 TO 17 BILLION

  • €250 MILLION OF HIGHLY EXECUTABLE ANNUAL RUN-RATE COST SYNERGIES EXPECTED TO BE ACHIEVED BY YEAR 3

  • TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY THE BOARDS OF DIRECTORS OF BOTH COMPANIES

  • CLOSING OF THE TRANSACTION IS ANTICIPATED BY Q3 2027

Source text: here

Further company coverage: SCHN.PA

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.