Schneider agrees takeover bid for Shelly at €70 per share

Shelly AD

24/09/2026 06:19

       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))