Schneider Electric has resuscitated tie-up talks with software company Aveva, six months after abandoning plans for a £1.3bn merger.
The French energy giant has confirmed it is looking to combine its software business with that of the British company in a deal that would see it take a majority stake in Aveva in return for a cash payment to Aveva shareholders. Aveva, which would issue new shares to Schneider, would still be listed on the London Stock Exchange.
The boards of the two companies were in “preliminary discussions”, Aveva said, and “there can be no certainty that the discussions… will lead to any agreement”.
As the mooted deal would constitute a reverse takeover under UK rules, shares in Aveva have been suspended.
Full Content: Telegraph
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Lawyers Wrap Up Arguments to Block Kroger-Albertsons Merger
Sep 17, 2024 by
CPI
Financial Regulator to Monitor CNMC’s Ruling on BBVA-Sabadell Acquisition
Sep 17, 2024 by
CPI
Green Day Ticket Prices Spark Controversy Amid Dynamic Pricing Concerns
Sep 17, 2024 by
CPI
Michael Kors Points to TikTok and Taylor Swift in Defense of Luxury Handbag Market in FTC Case
Sep 17, 2024 by
CPI
Irish Watchdog Probes Google’s AI Data Practices
Sep 17, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández