French company Schneider said it was considering a bid for the entire Aveva software company, and said it had until September 21 to make a decision.
“No offer has yet been made to Aveva and there can be no certainty that an offer will be made, nor on what terms,” he stressed, adding that he has until 16:00 GMT on September 21 to make a decision.
Aveva’s stock is up 32%, raising its market capitalization to 8.6 billion pounds ($10.13 billion).
Schneider shares are up 0.7%.
Schneider originally wanted to acquire a stake in Aveva in 2017, in a deal that Schneider said would result in a combined company that would be better positioned to serve a wide range of industries.
Source: Capital
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