Schneider Electric launches €1.2 billion offer for Shelly
Schneider Electric ($SU-EURONEXT) announced a voluntary cash takeover offer for Shelly Group at €70 per share, valuing the connected-device specialist at approximately €1.2 billion. Founders representing about 57% of Shelly’s shares support the proposed transaction, subject to the agreed conditions. The acquisition would extend Schneider’s reach in smart-home and small-commercial energy management through Shelly’s connected controls and Internet of Things products. The offer remains subject to r
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