Schneider Electric : Acquisition of RIB Software at a price of 38x 2020e EBIT
>Offer of € 29 per share (premium of 41%) on RIB Software, i.e. € 1.4bn - Schneider Electric this morning announced its intention of acquiring RIB Software, listed in Frankfurt, via a bid at a price of € 29 per share, i.e. a premium of 41% to the last quoted share price (37% to the average price over the last three months). This values the target at € 1.4bn.RIB Software’s board supports Schneider Electric’s offer.RIB is a software specialist dedicated to the...Schneider Electric is engaged in energy management. Co. is organized into four areas: Buildings and Partner, Infrastructure, Industry and IT; and operates in four principal markets: non-residential & residential buildings, utilities & infrastructure, industry & machine manufacturers and data centers & networks. The non-residential and residential buildings market includes end-users, property developers, design firms, and systems integrators. The utilities and infrastructure market includes energy operators. The industries market serves end users and companies, and engineering firms. The data centers and networks contain servers that process and store digital data in secure rooms.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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