2022-11-25 13:39:20

Aveva's shareholders accept Schneider takeover

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Channel NewsAsia
By Cna

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LONDON : Aveva's shareholders approved majority owner Schneider Electric's takeover on Friday in a deal valuing the British software company at 9.86 billion pounds ($11.91 billion).

France's Schneider, which already owns nearly 60 per cent of Aveva, upped its offer to 3,225 pence earlier this month after several major investors threatened to reject its previous 3,100 pence offer, which they termed opportunistic.

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