PTC surges after Schneider Electric agrees to $22.6 billion buyout deal
PTC•Schneider Electric agreed to buy PTC in an all-cash deal valuing its equity at about $22.6 billion, offering $205 per share at a 42.3% premium to PTC’s last closing price.
1. Buyout terms
The $205-per-share offer implies an enterprise value of $23.7 billion. The deal is Schneider Electric’s largest acquisition ever, and follows its June agreement to buy privately held industrial software provider Cognite Holding.
