Deals of the day-Mergers and acquisitions

Schneider Electric SE

05/10/2026 10:43

Oct 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:
** France's Schneider Electric SCHN.PA struck its biggest deal ever on Monday, agreeing to buy PTC PTC.O in an all-cash deal valuing the US software company's equity at around $22.6 billion, it said in a statement. nL6N45Q07P
** AkzoNobel AKZO.AS said on Monday it has agreed to sell its Southeast Asian decorative paints business to Nippon Paint 4612.T for $1.35 billion, completing a review of its Asian decorative paints portfolio. nL6N45Q07K
** Britain's BT Group BT.L acquired TalkTalk's consumer and wholesale businesses out of administration, it said on Monday, in a bid to rescue the broadband operator and protect 2.5 million customers from losing services. nL4N45R09R
** Canada's Suncor Energy SU.TO said on Sunday it had agreed to sell its interests in three offshore oil assets to London-based Ithaca Energy ITH.L for C$1.2 billion ($841.69 million) in upfront cash. nL6N45R01S

(Compiled by Padmanabhan Ananthan in Bengaluru)
((Padmanabhan.Ananthan@thomsonreuters.com;))