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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Invensys | LSE:ISYS | London | Ordinary Share | GB00B979H674 | ORD 12.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 509.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
U.K. engineering company Invensys PLC (ISYS.LN) is braced for a new takeover bid after a raid on its shares by U.S. activist hedge fund ValueAct Capital, reports The Sunday Times newspaper, without saying where it got its information.
ValueAct Capital, a key player in last year's 1.3 billion pound ($2.01 billion) break-up of U.K. software company Misys PLC, has built a stake of just over 8% in Invensys. It's now the company's second-biggest shareholder.
Unidentified City sources said Emerson Electric Co. (EMR), a U.S. rival, and France's Schneider Electric SA (SU.FR) were likely bidders. The former made an approach last year but talks fell through, according to the report.
Invensys wasn't immediately available to comment on the report. ValueAct Capital, Emerson and Schneider couldn't be reached for comment.
Write to Lilly Vitorovich at lilly.vitorovich@dowjones.com; Twitter: @LillyVitorovich
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