Schneider agrees takeover bid for Shelly at €70 per share
24/09/2026 06:19
Schneider agrees takeover bid for Shelly at €70 per share Sept 24 (Reuters) - French industrial group Schneider Electric SCHN.PA has reached a takeover agreement to buy smart device maker Shelly Group SLYG.BB for €70 per share, the Bulgarian company said on Thursday.
The offer, subject to an acceptance threshold of 95% of share capital, values Sofia-based Shelly at around €1.27 billion ($1.45 billion) excluding debt. Bloomberg News reported earlier on Thursday that the companies were nearing a deal.
($1 = 0.8785 euros)
(Reporting by Danny Callaghan in Gdansk, editing by Milla Nissi-Prussak)
((Email: danny.callaghan@thomsonreuters.com))
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