Report
Cedric Rossi

AVEVA GROUP: Toward a increase of the Schneider Electric offer? | Conviction BUY | 3300p vs. 3100p

AVEVA GROUP - Conviction BUY | 3300p vs. 3100p
Toward a increase of the Schneider Electric offer?

Several funds are pushing for the Schneider bid to be upped
The risk the current offer will be rejected by independent shareholders is no longer negligible
We have raised our target price to 3300p from 3100p, pending further developments
Underlying
AVEVA Group plc

Aveva Group is a holding company. Through its subsidiaries, Co. is engaged in the licensing of the rights to use its software products directly to end users and to a lesser extent indirectly through resellers. Co.'s services consist primarily of consultancy, implementation services and training, and are performed under separate service arrangements. Co.'s products are most applicable in industries that include Oil and Gas, Marine, Power, Petrochemical and Chemical, and other markets such as AEC Fabrication, Paper and Pulp, Mining and Pharmaceuticals.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Cedric Rossi

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