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Brief: Schneider Electric To Buy PTC For $205 Per Share

BRIEF-Schneider Electric To Buy PTC For $205 Per Share

- 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


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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