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00:02Schneider Electric agreed to buy U.S. software company PTC for around $22.6 billion in its
00:08largest ever acquisition, expanding its industrial software and AI business, according to Reuters.
00:13Schneider shares fell nearly 10% Monday as investors weighed the deal's size, premium,
00:18and software valuations, while PTC shares jumped 34.4% in U.S. pre-market trading.
00:24The $205 per share offer represents a 42.3% premium to PTC's last closing price.
00:31Schneider plans to finance the acquisition with 5 billion euros to 6 billion euros in new shares
00:36and 16 billion euros to 17 billion euros in new debt. The company expects 250 million euros in
00:42annual cost savings and about 800 million euros in revenue synergies. The deal is expected to close
00:48by the third quarter of 2027. For all things money, visit Benzinga.com.
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