Schneider Electric top loser on CAC 40, sheds $29.2 billion in value after PTC deal

Schneider Electric SE

06/10/2026 10:55

Updates
** Schneider Electric's SCHN.PA shares fall 4.2%, extending losses since announcing $22.6 billion acquisition of US software firm PTC
** Stock worst performer on blue-chip CAC 40 .FCHI, which is up 0.8%
** About €26 billion ($29.22 billion) wiped off group's market value in two sessions, roughly equivalent to the deal price 
** J.P.Morgan downgrades French energy management and automation group to "neutral" from "overweight", saying acquisition shifts investment case towards industrial automation
** Brokerage says allocating capital to the fundamentally less attractive automation business weighs on stock's target valuation multiple, despite PTC being a quality asset
** Flags investor questions around planned equity raise; says Schneider's target of €800 million ($897 million) in annualised revenue synergies appears somewhat ambitious
     
 ($1 = 0.8898 euros)

 (Reporting by Hugo Lhomedet)
 ((hugo.lhomedet@thomsonreuters.com))