Schneider agrees 31 pounds-a-share deal to buy UK’s Aveva
LONDON — France’s Schneider Electric
said on Wednesday it had agreed to buy out the
minority shareholders in Aveva for 31 pounds a share
($35.24), in a deal that values the British industrial software
company at about 9.48 billion pounds.
($1 = 0.8797 pounds)
(Reporting by Paul Sandle; editing by William James)