Schneider to Buy Invensys for $5.2 Billion on Software

by Bill Fester on July 31, 2013

in Chemical, DCS, Industries, Paper, Pharmaceutical, Power, Refining, Systems, Uncategorized

Schneider Electric SA (SU) agreed to buy the U.K.’s Invensys Plc (ISYS) for 3.4 billion pounds ($5.2 billion) to add software and control systems used by chemicals makers, oil refineries, and mining companies.

The world’s biggest maker of low- and medium-voltage power gear is offering the equivalent of 502 pence a share, with shareholders able to alter the proportions of cash and shares they receive, said Schneider, based in Rueil-Malmaison near Paris. Invensys rose as high as 505 pence, and traded 1.5 percent higher at 498.30 pence as of 2:09 p.m. in London.


By Francois de Beaupuy & Alex Pashley – Jul 31, 2013 8:31 AM CT

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