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ISYS Invensys

509.50
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
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

Schneider Electric To Make Invensys Offer This Week - Report

21/07/2013 1:03pm

Dow Jones News


Invensys (LSE:ISYS)
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LONDON--French engineering group Schneider Electric SA (SU.FR) is expected to make a formal takeover offer worth 3.3 billion pounds ($5.04 billion) for U.K. rival Invensys (ISYS.LN) this week, The Sunday Times newspaper reports, without citing sources.

Schneider Electric, which has already made an indicative cash-and-shares offer, has until Aug. 8 to make a firm offer. It sees the deal as boosting its industrial software and technology business and shifting further from electrical devices.

Invensys says it would likely recommend to shareholders that they accept the offer.

Schneider Electric wasn't immediately available for comment.

Full story: http://www.thesundaytimes.co.uk/sto/business/Industry/article1290241.ece

Write to London bureau at generaldesklondon@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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