Schneider Electric reportedly nears $20 billion PTC deal in October 5 digest
PTC•Schneider Electric reportedly is closing in on a roughly $20 billion acquisition of PTC, which would be its largest deal. The digest also reports possible paint-business and telecom deals, plus an investigation into the Flydubai attacker’s ties to Australia.
1. Schneider and PTC
Schneider Electric reportedly is closing in on a roughly $20 billion takeover of U.S. engineering software provider PTC. The deal would be the French industrial conglomerate’s largest acquisition ever.
2. Other potential deals
AkzoNobel reportedly is nearing a deal to sell its Southeast Asian decorative paints business to Nippon Paint. BT is weighing an improved offer for TalkTalk after its initial approach was rejected.
3. Australian investigation
Australian authorities are investigating the Flydubai attacker’s ties to the country following the attempted hijacking of a flight from Dubai to Tel Aviv last week.
