Brief: Schneider Electric Raises €6 Billion in Capital Increase to Partially Fund PTC Acquisition

Schneider Electric SE

Tue 06:58

Oct 20 (Reuters) - PTC Inc. PTC.O:
ANNOUNCES SUCCESS OF ITS EUR 6.0 BILLION CAPITAL INCREASE, WITHOUT SHAREHOLDERS' PREFERENTIAL SUBSCRIPTION RIGHTS, TO PARTIALLY FINANCE ACQUISITION OF PTC INC
SUBSCRIPTION PRICE HAS BEEN SET AT €240 PER NEW SHARE 
NET PROCEEDS FROM CAPITAL INCREASE TO BE USED TO PARTIALLY FINANCE PROPOSED ACQUISITION OF PTC INC
SETTLEMENT OF THE CAPITAL INCREASE IS EXPECTED TO TAKE PLACE ON 22 OCTOBER 2026
COMPLETION OF PTC ACQUISITION IS EXPECTED BY Q3 2027
NET PROCEEDS TO ALSO FINANCE DEBT ISSUES
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