Shelly says Schneider Electric's €70 per share offer is fair

Schneider Electric SE

05/10/2026 20:29

Oct 5 (Reuters) - Shelly Group's SLYG.BB board said on Monday it considered France-based Schneider Electric's SCHN.PA €70 ($78.52) per share offer for the Bulgarian smart-home device maker to be "fair and adequate" and supports the bid.
The all-cash offer values Shelly at about €1.27 billion and is expected to close by the first quarter of 2027, Schneider said in September.
     
($1 = 0.8915 euros)

 (Reporting by Carlos Méndez in Mexico City; Editing by Anil D'Silva)
 ((Carlos.Mendez@thomsonreuters.com))